Crouching Tiger sequel to be first Netflix feature film production

Video streaming giant strikes a deal with the Weinstein Company to make Crouching Tiger, Hidden Dragon: The Green Legend and confirms it will be the "the first of several major films"

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Internet streaming service Netflix has struck a deal with the Weinstein Company to make its first feature film, a follow-up to Ang Lee’s martial arts epic Crouching Tiger, Hidden Dragon.

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Crouching Tiger, Hidden Dragon: The Green Legend will be shown on Netflix and in Imax cinemas in August 2015 under the terms of a deal which Netflix said will “be the first of several major films backed by Netflix to premiere the same day on the world’s leading Internet TV network and in select Imax cinemas globally”.

Movie mogul Harvey Weinstein agreed that the deal marks an important step in the revolution of the way movies are made and enjoyed.

“The movie-going experience is evolving quickly and profoundly, and Netflix is unquestionably at the forefront of that movement,” said Weinstein, co-chairman of the Weinstein Company.

“We are tremendously excited to be continuing our great relationship with Netflix and bringing to fans all over the world the latest chapter in this amazing and intriguing story.”

The new film will see Michelle Yeoh reprise her role as warrior Yu Shu-Lien, while Chinese action star Donnie Yen will play a new character called Silent Wolf.

Ang Lee will not direct the sequel which will be helmed by Chinese director Yuen Wo-Ping.

This is not the first time Netflix and the Weinstein Company have worked together having already joined forces with the production of a ten-part TV drama series about explorer Marco Polo which will air on Netflix in December.

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Last week Netflix announced that it had also bought the rights to BBC2 drama Peaky Blinders.