By Emily Blake
Updated September 29, 2014 at 12:00 PM EDT

Crouching Tiger, Hidden Dragon is getting a sequel, and for the first time, you’ll get to choose between spending opening day in theaters or at home.

Netflix announced on Monday that it’s partnering with The Weinstein Company to release its first original movie, Crouching Tiger, Hidden Dragon: The Green Legend, simultaneously in select IMAX theaters and on the online streaming site next year. The film is slated to debut on Aug. 28.

Netflix said that the sequel is one of “several” major films that will be released in this manner.

“Fans will have unprecedented choice in how they enjoy an amazing and memorable film that combines intense action and incredible beauty,” Ted Sarandos, chief content officer at Netflix, said 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.”

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

Crouching Tiger, Hidden Dragon: The Green Legend will be directed by Yuen Wo-Ping, the director of Tai Chi Master and martial arts choreographer for The Matrix Trilogy and Kill Bill. Michelle Yeoh will reprise her role as Yu Shu-Lien, while Donnie Yen (Ip Man) has signed on as Silent Wolf. The film “echoes the themes of the original movie, but tells its own story — one of lost love, young love, a legendary sword and one last opportunity at redemption, set against breathtaking action in an epic martial arts battle between good and evil that will decide the fate of the Martial World.”

Based on Wang Dulu’s novel Iron Knight, Silver Vase, and written by John Fusco (Marco Polo) the new film is produced by Harvey Weinstein, Peter Berg, and Sarah Aubrey (Friday Night Lights) and executive produced by Morten Tyldum (Headhunters), Ralph Winter (X-Men), Anthony Wong, and Bey Logan (The Medallion). The film also stars Glee actor Harry Shum Jr, Jason Scott Lee (Hawaii Five-O), Roger Yuan (Bulletproof Monk), Eugenia Yuan (Revenge of the Green Dragons) and Natasha Liu Bordizzo.

Crouching Tiger Hidden Dragon

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