Netflix to release first full-length film in 2015

 

Netflix says it now has 50 million users in over 40 countries worldwide

The video streaming site Netflix will release its first feature-length film in 2015, after striking a deal with the Weinstein Company, reports say.

The sequel to Ang Lee's Oscar-winning martial arts drama, Crouching Tiger, Hidden Dragon, will be shown on Netflix and in Imax cinemas around the globe.
Netflix has over 50 million subscribers, in more than 40 countries.
The firm already produces its own TV programmes, notably the politically themed House of Cards.
The entertainment company, which started in 1997 as a postal DVD rental service, has seen its profits surge in recent months.
In July, it reported profits of $71m (£43.8m) for the second quarter of 2014.
Last year, Netflix's original programming was nominated for 14 Emmy TV awards, winning three, and this year its programming garnered a record 31 nominations.
Last week, the US firm bought the rights to historical drama Peaky Blinders, first aired on the BBC, in a separate deal with the Weinstein Company and production group Endemol.
However, Netflix has suffered some setbacks in the US, and is engaged in a battle with internet service providers (ISPs) such as Verizon over who should pay for the increasing strain that streaming video puts on download speeds.

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