The app — which is a movie streaming service for independent and classic films — will be available to download from the PlayStation Store on November 3rd in a range of different European countries. Hit up the PlayStation Blog to check you're covered.
The service will allow you to rent movies for £2.99/3.59 or subscribe to an "all-you-can-eat" package for £9.99/12.99. As well as movie streaming, MUBI also features a host of community options which sound really interesting.
If you're curious, check out the trailer. It pretty much tells you everything you'll need to know. We're looking forward to checking this out.