It's Official: Martin Scorsese's 'Wolf of Wall Street' Gets Holiday Release

 Paramount Pictures

Martin Scorsese will finish The Wolf of Wall Street in time for Christmas. Paramount decided on a Dec. 25 release late Monday, after the filmmaker delivered a shortened version of the film that was screened for Paramount chairman Brad Grey, star Leonardo DiCaprio and other top Paramount executives, according to studio sources.

The movie charts the rise and fall of former Wall Street broker and party boy Jordan Belfort. Red Granite is fully financing and produced the drama, which is expected to be a player in this year's awards race.

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Wolf of Wall Street also stars Matthew McConaughey, Jonah Hill, Jean Dujardin, Rob Reiner, Kyle Chandler, Margot Robbie, Jon Bernthal, Cristin Milioti, P.J. Byrne and Ethan Suplee.

Scorsese's initial cut of the movie was longer than 180 minutes, forcing Paramount to scrap the film's original Nov. 15 release date in order to give the director time to trim the length. The film's running time 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.

In its new home, Wolf of Wall Street goes up against The Secret Life of Walter Mitty, 47 Ronin, Grudge Match and the Justin Bieber documentary Believe.

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Red Granite's Riza Aziz and Joey McFarland are producing with DiCaprio, Scorsese, Emma Koskoff and Alexandra Milchan.

Paramount's Jack Ryan, starring Chris Pine as the iconic intelligence officer created by the late Tom Clancy, was originally supposed to open Dec. 25, but last week, the studio pushed back the film's opening to Jan. 17.

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