wolfHot on the heels of the news about Grace of Monaco getting bumped to next year by The Weinstein Company, rumors are flying high that Martin Scorsese‘s The Wolf of Wall Street could be next in line to change releases dates to 2014. This is apparently due to the film just not being ready in time, though Paramount may very well be looking to back other awards contenders and not risk this one underperforming. Before you scoff too much, remember, this happened with Shutter Island and it proved to be a financially prudent decision for the studio, if not one that translated into Oscar love. At the very least, the story about this potential move seems to solidify the buzz that the film is definitely not going to be the Secret Screening at the New York Film Festival (not a surprise to me, but more on that in the next few weeks). We’ll find out soon enough about this one (and how it also affects the film Jack Ryan, which you can ready about in the text at the bottom of this post), but below you can see the story that first caught my attention here…

This is what The Hollywood Reporter had to say:

Martin Scorsese’s The Wolf of Wall Street — headlining Leonardo DiCaprio — won’t be ready for its Nov. 15 release, raising the possibility that it won’t be a contender in this year’s Oscar race.

Insiders say Scorsese’s cut of the film is 180 minutes long, and that he’s currently in discussions with his producers about how to shorten the running time. Red Granite is fully financing and produced the drama, with Paramount handling the film domestically.

Paramount and Scorsese are hoping that the movie, based on former broker Jordan Belfort’s best-selling memoir, will be completed by Christmas in time for an awards run. If not, Wolf of Wall Street would be pushed back to next year. Either way, it won’t be ready for a sneak screening at the upcoming New York Film Festival.

If it is done in time, Paramount will push back the release of Kenneth Branagh’s Jack Ryan from Christmas Day to Jan. 14 and give Wolf of Wall Street the Christmas Day slot, sources tell The Hollywood Reporter. Jack Ryan would open over the Martin Luther King Jr. holiday, a lucrative moviegoing weekend that saw Paramount’s Cloverfield gross north of $40 million.

Jack Ryan, starring Chris Pine and Keira Knightley, hopes to relaunch Paramount’s marquee spy franchise. Skydance Productions is Paramount’s partner on the film, which also stars Kevin Costner.

While based on the hero of Tom Clancy’s best-selling book series, the movie is an original story that traces how a young Jack Ryan joined the CIA.

Wolf of Wall Street also stars Matthew McConaughey, Jonah Hill, Jean Dujardin, Rob Reiner, Kyle Chandler, Margot Robbie, Jon Bernthal, Cristin Milioti, P.J. Byrne and Ethan Suplee.

Terence Winter adapted the screenplay, which chronicles Belfort’s dramatic rise and fall on Wall Street and his hard-partying lifestyle and tumultuous personal life, which included drug and alcohol addiction.

Red Granite’s Riza Aziz and Joey McFarland are producing with DiCaprio, Scorsese, Emma Koskoff and Alexandra Milchan.

Thoughts? Discuss in the comments!