"The Wolf of Wall Street" moves to Christmas Day release

It might not come as a surprise, but it's now official: Martin Scorsese's "The Wolf of Wall Street" will now be released on Christmas Day.

The Wall Street epic was originally supposed to arrive on Nov. 15, but it had been reported that Paramount Pictures was planning to scrap that date in order to give Scorsese more time to trim the film's length.

Scorsese's first cut of the film was 180 minutes long, according to The Hollywood Reporter. Its running length is now 165 minutes.

"Marty's work is fantastic. He's continued to work on it but now it's officially going to be ready for Christmas Day and I'm delighted," said Paramount chairman Brad Grey.

The move means "The Wolf of Wall Street," which stars Leonardo DiCaprio, Matthew McCounaughey and Jonah Hill, will be eligible for the upcoming awards season. Paramount opened the Dec. 25 slot for the film by pushing its spy thriller "Jack Ryan: Shadow Recruit" to January.

On its new release date, "The Wolf of Wall Street" will face off against films including the star-studded family drama "August: Osage County," Ben Stiller's "The Secret Life of Walter Mitty," Keanu Reaves' "47 Ronin," Robert De Niro and Sylvester Stallone as aging boxers in "Grudge Match" and Justin Bieber's "Believe" documentary.

Watch the trailer for "The Wolf of Wall Street" below: