We are finally getting a first look at the newly-acquired Netflix production of Crouching Tiger, Hidden Dragon: Sword of Destiny, the follow-up to Ang Lee’s Oscar-winning film. This film has the craziest release strategy in the history of the studio system: it’s set to hit both IMAX theaters and Netflix worldwide on February 26, 2016.

Crouching Tiger, Hidden Dragon: Sword of Destiny (formerly titled The Green Legend) tells an epic story 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.

Directed by the renowned martial arts choreographer (The Matrix TrilogyKill Bill) and director (Tai Chi Master) Yuen Wo-Ping, Crouching Tiger, Hidden Dragon: Sword of Destiny stars Michelle Yeoh (Crouching Tiger, Hidden Dragon, The Lady) as Yu Shu-Lien and Donnie Yen (Ip Man, Monkey King 3D) as Silent Wolf.

Based on the acclaimed novel, Iron Knight, Silver Vase, by Wang Dulu (book five in the Crane-Iron Pentalogy) and written by John Fusco (Marco Polo) the new film is produced by Harvey Weinstein (The King’s Speech, The Artist) and Peter Berg (“Friday Night Lights,” Lone Survivor) and Sarah Aubrey (“Friday Night Lights,” “Lone Survivor”) and executive produced by Morten Tyldum (Headhunters, The Imitation Game), Ralph Winter (X-Men franchise), Anthony Wong and Bey Logan (The Medallion).

Crouching Tiger, Hidden Dragon: Sword of Destiny also stars Harry Shum Jr (“Glee,” Revenge of the Green Dragons), Jason Scott Lee (Seventh Son, “Hawaii Five-O”), Roger Yuan (Bulletproof Monk), Eugenia Yuan (Revenge of the Green Dragons) and newcomer Natasha Liu Bordizzo.

Thanks to ComingSoon.net for the heads up and the film description.