"People love Adam's films on Netflix and often watch them again and again," says Netflix content chief Ted Sarandos in a statement. "His appeal spans across viewers of all ages — everybody has a favorite movie, everyone has a favorite line — not just in the U.S. but all over the world."
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The actor, 48, stars in Jason Reitman's Men, Women and Children, opening October 17, and The Cobbler, which played at the Toronto International Film Festival and is due later this year. No details on the timing of the new Netflix projects have been revealed.
Read MoreNetflix snags deal for 'Gotham' television series
Earlier this week, Netflix made news with plans to release a sequel to the 2000 movie Crouching Tiger, Hidden Dragon on the same day it appears in theaters, but the Sandler move is far more significant, both because of its breadth and his continued appeal as a big box-office star.
Sandler jokes that when Netflix approached him with a four-movie deal, "I immediately said yes for one reason and one reason only….Netflix rhymes with Wet Chicks," said Sandler. "Let the streaming begin!"