In a first deal of its kind, Netflix and the Weinstein Company said Monday that they planned to release next year’s sequel to the movie “Crouching Tiger, Hidden Dragon” simultaneously across the globe on Netflix and a select number of Imax theaters.

The film, a follow-up to Ang Lee’s Academy Award-winning martial arts drama, is the first major motion picture to make its debut on the streaming service and in movie theaters at the same time. It will be available on Aug. 28 at no additional fee to Netflix subscribers and is the first of several films that Netflix is backing that will follow this new model for release. Only Imax is involved; other theater chains will not screen the film.

Ted Sarandos, chief content officer at Netflix, said he hoped this deal would show Hollywood that the time had come to respond to what movie fans wanted, and to change the traditional method for releasing films — first in theaters then, typically several months later, for streaming.

“What I am hoping is that it will be a proof point that the sky doesn’t fall,” Mr. Sarandos said. “These are two different experiences, like going to a football game and watching a football game on TV.”