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That is actually quite an interesting service. If the price was a bit lower than the €5,99 a month listed now (say, €3,99 a month) I would consider simply getting a year-round subscription if the content is good. It would form a nice supplement to Netflix.

It is a bit disappointing to read this in their FAQ though:

IN HOW MANY COUNTRIES CAN I WATCH FILMS ON MUBI?

You can stream and download movies in over 200 countries around the world. Every country has its own unique line-up, as the rights to show even a single film are often divided by different distributors and territories, making it very difficult to show the same movies in every country at once. This in turn allows us to tailor each country's selection for the local audience.

This is of course unavoidable due to the global licensing mess for media with regional exclusive deals, but it is irksome nonetheless. I don't like this bit about tailoring the selection for my country though — with art-house films one of the most interesting things is discovering films made in countries that normally wouldn't reach you. The serendipity is what makes it appealing to browse art-house films. If a service 'tailors the selection' to my country, what does that even mean?