Warner Bros said The Great Gatsby, Baz Luhrmann's 3D adaptation of the iconic Fitzgerald novel, has been delayed until 2013, reported BBC News.
The film, which stars Leonardo DiCaprio and Carey Mulligan and also features Tobey Maguire and Isla Fisher, was supposed to be released December 25 in the US but will be pushed to the summer so that, as Warner Bros put it, "this unique film reaches the largest audience possible," according to BBC.
More from GlobalPost: 'Kung Fu Panda 3' to be made in China by new 'DreamWorks Oriental' movie studio
Cinema savants bemoaned the move, which ousted the film from next year's Oscar competition. "It could be cheating Leonardo DiCaprio out of his long overdue Oscar," E! quoted Tom O'Neil of GoldDerby.com as saying, calling the studio's announcement a "major shakeup."
As for rising star Mulligan, she's just "hitting her stride," Scott Feinberg, Hollywood Reporter film critic said, according to E!. "It was potentially her moment. [Now] it's either delayed or not going to happen."
The LA Times, citing people close to The Great Gatsby, said the film's "meticulous" Australian director needed more time to work on the ambitious three-dimensional film.
But new release date also means the swingtime-era flick will be come out alongside summer mega productions like Iron Man 3, Star Trek 2 and Man of Steel (as in Superman), said BBC, instead of the anticipated winter hits like Les Miserables and Peter Jackson's The Hobbit.
Luhrmann's The Great Gatsby is loosely based on the novel by F. Scott Fitzgerald about struggling writer Nick Carraway's journey from the Midwest to New York City in the spring of 1922, said Reuters.