Contrary to rumors suggesting that the film's release date was pushed to 2014, reports confirmed that The Wolf of Wall Street will hit theaters this year.

The film will release on Christmas Day, Dec. 25, according to Los Angeles Times. Paramount reportedly switched the release date for the Leonardo DiCaprio starrer with Jack Ryan: Shadow Recruit, which was initially scheduled to open the same day but has been bumped to early 2014. 

Reports of Wall Street being delayed from release and slated for early 2014 raised concerns about the film not being an Oscar contender. Media outlets previously noted that director Martin Scorsese wanted to push the film's premiere in order to have more time editing the picture, which runs 3 hours.

Three inside sources told the publication that the change in release date to Christmas might allow it to be considered as a late entrant during award season.

The film stars DiCaprio as protagonist Jordan Belfort with a supporting cast that includes Jonah Hill and Matthew McConaughey. Belfort was a New York stockbroker who refused to cooperate in a large securities fraud case involving Wall Street, the corporate banking world and mob infiltration  The screenplay for the film was written by Terence Winter (Boardwalk Empire).

Wolf of Wall Street was independently financed by Red Granite with Paramount serving as the film's domestic distributor.

Jack Ryan: Shadow Recruit is being directed by Kenneth Branagh and is based on the Jack Ryan character created by Tom Clancy. The film stars Chris Pine, Kevin Costner, Branagh and Keira Knightley.

Watch a trailer of the film here:

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