“In a first deal of its kind, Netflix and the Weinstein Company said Monday that they planned to release next year’s sequel” to an Academy Award-winning movie “simultaneously across the globe on Netflix and a select number of Imax theaters,” reports The New York Times.
The movie is a follow-up to Ang Lee’s 2000 Best Picture nominee “Crouching Tiger, Hidden Dragon.” That film won four Oscars and was nominated for a total of 10 Academy Awards. With a U.S. box-office gross of $128 million, this martial arts movie ranks far and away as the No. 1-ranked movie on Box Office Mojo’s list of top-grossing foreign language films.
The sequel, officially called “Crouching Tiger, Hidden Dragon: The Green Legend,” will be “available on Aug. 28 at no additional fee to Netflix subscribers and is the first of several films that Netflix is backing that will follow this new model for release,” the story reports, adding, “Only Imax is involved; other theater chains will not screen the film.”
The Times story adds, “In the sequel, Michelle Yeoh reprises her role as the warrior Yu Shu Lien but Mr. Lee does not return. The Weinstein Company has instead given the directing reins to Woo-ping Yuen, a well-known director in China. “The Green Legend,” set 20 years after the events of the first movie, follows four martial arts heroes trying to protect the Green Destiny sword.”
To read more details about this story — including how the big U.S. theater chains feel about such deals — please click here to read the original story in The New York Times.
The sequel to the popular martial arts movie “Crouching Tiger, Hidden Dragon” will be released simultaneously on Netflix and in Imax theaters