'The Great Gatsby' Release Date: Film Pushed Back To May 2013

Anticipation was already high for director Baz Luhrmann's adaptation of "The Great Gatsby" when the film's Christmas Day release date was pushed back.

For a while, fans didn't know when the 3-D movie would hit theaters, but a new date has finally been set: May 13, 2013.

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Rumors swirled when the Christmas release date was called off that there could be problems with the film, but a statement from Warner Bros. assures fans the quality is not in question.

"Based on what we've seen, Baz Luhrmann's incredible work is all we anticipated and so much more," said Dan Feldman, Warner Bros. president of domestic distribution, in the statement. "We think moviegoers of all ages are going to embrace it, and it makes sense to ensure this unique film reaches the largest audience possible."

The film will star Leonardo DiCaprio, Tobey Maguire and Carey Mulligan. Check out a trailer for the film below.

Moving "The Great Gatsby" into 2013 will eliminate it from Oscar contention for this year, but it will allow the film to open on a weekend much less crowded with competitors.

The movie's original release date would have had star DiCaprio competing against himself. He will appear in Quentin Tarantino's new film "Django Unchained," which is still set to hit theaters on Christmas Day.

Other movies that "Gatsby" would have been competing against in December 2012 include a new adaptation of "Les Miserables," Peter Jackson's "Lord of the Rings" sequel "The Hobbit: An Unexpected Journey," and "Zero Dark Thirty," the drama about Osama bin Laden's assassination from "The Hurt Locker" director Kathyrn Bigelow.