Netflix to produce original movies

World Today

Netflix, a company that has already turned the TV industry upside down by producing original shows, is trying its hand at original movies. It’s a Hollywood power play that has some theaters fearing the future of the big screen may actually be on small screen. CCTV America’s YaKenda McGahee reports.

This week, Netflix and the Weinstein Company announced that they’re partnering to jointly produce the sequel to ‘Crouching Tiger, Hidden Dragon.’ However, it’s not who’s producing it that’s causing the controversy, it’s how they’re distributing it.

They are essentially sidestepping the normal theatrical release, and instead premiering the movie’s sequel on August 28, 2015 on Netflix’s online streaming services while simultaneously showing it in selected IMAX theaters. Netflix also just announced a deal to exclusively produce and stream four new Adam Sandler feature films.

Some consumers say the concern that streaming services will hurt movie-going audiences is unwarranted.