'Crouching Tiger' sequel to hit Netflix and theaters simultaneously

On Aug. 28, 2015, Netflix will premiere a feature film - the sequel to the 2000 hit "Crouching Tiger, Hidden Dragon" - at the same time moviegoers can see it in theaters.

According to CNNMoney, dual release will be the realization of Netflix's long-held goal to let subscribers see films at the same time they're in movie theaters.

Financial terms of the deal with the Weinstein Co. were not disclosed.

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