Film deals reflect Netflix's growing clout

Netflix wants to shake up Hollywood. The company will finance the Weinstein Co.'s sequel to the 2000 film "Crouching Tiger, Hidden Dragon," coming next summer to its streaming service and certain Imax screens. And Adam Sandler will star in and produce four feature films for the service. The movies -- produced through Sandler's Happy Madison Productions with Netflix -- would be available exclusively through the site, bypassing the traditional movie distribution process. The deals are serious gets for Netflix, signaling its growing clout in the entertainment business at a time when consumer habits are rapidly changing in the digital era.