Palo Alto, Calif. – MUBI, an online video-on-demand service
focused on independent films and titles screened on the festival circuit, has
raised $2.4 million in financing, reported.

Investors included Eduardo
Costantini, Martin Varsavsky, Alec Oxenford, Aydin Senkut, Georges Harik, Joel
Peterson, Bart Decrem and Jose Marin.

Formerly known as The Auteurs, Palo Alto,
Calif.-based MUBI offers online film rentals ranging from $1 to $3, as well as
an unlimited access subscription for $12 per month.

The site, which counts over
1 million members, offers a library of over 3,000 films, and has deals with
some 145 distributors.


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