With the blink of an eye (and the changing of a release date), Baz Luhrmann’s glitzy The Great Gatsby has gone from bona-fide Best Picture contender to flashy, splashy summer popcorn escapism.

Gatsby will open on May 10, 2013, Warner confirmed in a press release. The film stars Leonardo DiCaprio as the mysterious millionaire of the title. He’ll be joined by Carey Mulligan, Tobey Maguire, Joel Edgerton and Isla Fisher in the exquisite-looking period adaptation.
“Audiences have been looking forward to Baz Luhrmann’s film adaptation of one of the most beloved books of all time, and we felt this beautifully extravagant and dramatic film would be a perfect way for us to kick off our Summer slate,” said President of Domestic Distribution Dan Fellman.

And that’s probably the case. But what happened to those rumors that Luhrmann was in search of additional funding to complete his Gatsby vision? Did he secure it? Did Warner finally come around and fork over enough cash to finish the film? These will be questions for later, when the director and his cast are making the press rounds. For now, let’s just celebrate the fact that Luhrmann’s Gatsby is so far back on track that it has an official release date. And if you need to be reminded why we’re so excited by the film’s potential, here’s the trailer that came out back when we thought we were seeing Gatsby on Christmas Day.

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