Big news has dropped today folks. Early on in the year ‘The Great Gatsby’ was thought by just about everyone to be gunning for a whole lot of Oscar love, and it still might, but it’ll have to wait a year. Yes, The Hollywood Reporter writes here that Warner Brothers has moved the 3D film to the summer of 2013 and out of a coveted Christmas Day slot. I don’t think any of us saw this coming, and it definitely shakes up the race a great deal, as you can take the film, Baz Luhrmann’s direction (plus the adapted screenplay he co-wrote), and the performances of Leonardo DiCaprio, Carey Mulligan, Tobey Maguire, Joel Edgerton, and Isla Fisher out of the equation, not to mention the below the line possibilities. Perhaps this is a sign that Warner is extra confident in the likes of ‘Argo’, ‘Cloud Atlas’, and ‘The Hobbit: An Unexpected Journey’? After the jump I’ll share with you WB’s reasoning, but it’s time to update those Oscar predictions and take Gatsby off of them. Read on for more below about this very surprising development…

Here’s the statement from Warner Brothers’ President of domestic distribution Dan Fellman and international distribution president Veronika Kwan Vandenberg:

“Based on what we’ve seen, Baz Luhrmann’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 exiting way. We think movieogers of all ages are going to embrace it, and it makes sense to ensure this unique film reaches the largest audience possible”

Thoughts? Discuss in the comments!