Following the shock announcement of Netflix picking up the rights to the “Crouching Tiger, Hidden Dragon” sequel and irking various distributors in the process, the streaming giant has pulled off an even more surprising move this week.
Adam Sandler’s Happy Madison Productions and Netflix are teaming to jointly develop four films in which Sandler will produce and star. The films will stream exclusively in the nearly fifty countries where the service operates.
In an official statement, Sandler says: “When these fine people came to me with an offer to make four movies for them, I immediately said ‘yes’ for one reason and one reason only… Netflix rhymes with ‘wet chicks’. Let the streaming begin.”
How US exhibitors will react to this news, we’ll see.