'Crouching Tiger, Hidden Dragon' Sequel Set As Netflix's First Feature Film

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Netflix already has networks shaking in their boots; now, it's Hollywood movie studios' turn.

The online streaming service announced that it is partnering with the Weinstein Company to release their first original feature film - a sequel to the 2000 martial arts film "Crouching Tiger, Hidden Dragon."

The film will premiere on Netflix and in select IMAX theaters on Aug. 28, 2015. It stars Michelle Yeoh and Donnie Yen and was directed by Yuen Wo-Ping.

"Fans will have unprecedented choice in how they enjoy an amazing and memorable film that combines intense action and incredible beauty," said Netflix Chief Content Officer Ted Sarandos in a statement. "We are honored to be working with Harvey Weinstein and a world-class team of creators to bring this epic story to people all over the world and to partner with IMAX, a brand that represents the highest quality of immersive entertainment, in the distribution of this film."

Netflix has already disrupted the television industry with sterling original series like "House of Cards" and "Orange Is the New Black." Both of those shows garnered nominations in the top categories at this year's Emmy Awards.

Now, the service hopes to do the same with movies. "Crouching Tiger, Hidden Dragon 2" is just the first of several original films that Netflix plans to release.

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