Baz Luhrmann’s film is out of this season’s awards race and must wait for the following year after studio chiefs decided its broad appeal was more suited to a summer release. The film was originally scheduled for a Dec 25 2012 launch.

“Baz is known for being innovative, but with this film he has done something completely unexpected – making it in 3D – while capturing the emotion, the intimacy, the power and the spectacle of the time,” head of international distribution Veronika Kwan Vandenberg said.

“The responses we’ve had to some of the early sneak peeks have been phenomenal, and we think The Great Gatsby will be the perfect summer movie around the world.”

The F Scott Fitzgerald adaptation stars Leonardo DiCaprio in the title role alongside Tobey Maguire, Carey Mulligan and Joel Edgerton.

The Great Gatsby is a Warner Bros Pictures presentation in association with Village Roadshow Pictures in association with A&E Television and is a Bazmark/Red Wagon Entertainment Production.