If you were planning on spending Christmas day at the movie theater watching the movie adaptation of F. Scott Fitzgerald's legendary novel, The Great Gatsby, your gonna have to change your plans. Warner Bros. just announced they have pushed back the release date for the highly anticipated film, which stars Leonardo DiCaprio as Jay Gatsby.

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The Great Gatsby Still

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The film, which also stars Tobey Maguire, Carey Mulligan and Joel Edgerton, was considered one of Warner Bros. top Oscar contenders, but after careful consideration, the film will be released in Summer 2013 rather than Christmas 2012.

Dan Fellman, President of domestic distribution for Warner Bros, stated, "Based on what we've seen, Baz Luhramann's incredible work is all we anticipated and so much more. It truly brings Fitzgerald's American classic to life in a completely immersive, visually stunning and exciting way. We thing moviegoers of all ages are going to embrace it, and it makes sense to ensure this unique film reaches the largest audience possible."

Although Great Gatsby is out of the running for an Oscar, Warner Bros. has several other excellent films still contending, including Argo, Cloud Atlas and The Hobbit: An Unexpected Journey, THR reports.

Do you think this was a wise move by the studio?

Photos courtesy of Fame/Flynet