Well, that's disheartening. Every Oscar season has its share of prestige dropouts, and this year's first is a big one: Baz Luhrmann's 3D adaptation of "The Great Gatsby," initially scheduled by Warner Bros. for a Christmas Day release, will now not reach theaters until next summer. (It's the second high-profile title Warners have bumped to 2013, after the all-star "Gangster Squad" was relegated to the January doldrums.)
No precise reason has been given for the shift, with Warner distribution president Dan Fellman simply saying that they want "to ensure this unique film reaches the widest audience possible." You can read that as you will. Perhaps they believe the film has genuinely strong commercial prospects and deserves art-blockbuster positioning. Perhaps, regardless of the film's quality, they're anticipating critical slingshots -- some are inevitable, I'd say, given the scale and eccentricity of the project -- and don't want to subject it to the pressure of a prime awards-bait slot. Perhaps reshoots are on the cards and they simply need more time.