Following the success of its TV shows such as House of Cards, Netflix is now producing its first original movie- a sequel to Ang Lee’s martial-arts epic Crouching Tiger, Hidden Dragon.
Netflix is partnering with independent producer the Weinstein Co. to release Crouching Tiger, Hidden Dragon: The Green Legend to all subscribers on Aug. 28, 2015.
The film, directed by Hong Kong’s Yuen Wo-ping, will also premiere at the same time on some global IMAX theaters — but it will not hit mainstream cinemas, Netflix said.
The deal between the streaming service and the production house threatens to upset to the traditional model of releasing movies: put them out first in cinemas and then wait months before making them available on DVD and streaming services, including Netflix.
Watch this CBS report looking into the Netflix expansion here;
