THE GREAT GATSBY Director Baz Luhrmann Reportedly Denied Extra Studio Funding for Reshoots & Effects

Warner Bros' upcoming 3D adaptation of the popular F. Scott Fitzgerald's fictional novel The Great Gatsby is directed by Baz Luhrmann and was until recently scheduled for theatrical release on December 25th, 2012.

From the uniquely imaginative mind of writer/producer/director Baz Luhrmann comes the new big screen adaptation of F. Scott Fitzgerald's novel, The Great Gatsby. The filmmaker will create his own distinctive visual interpretation of the classic story, bringing the period to life in a way that has never been seen before, in a film starring Leonardo DiCaprio in the title role. The Great Gatsby follows Fitzgerald-like, would-be writer Nick Carraway as he leaves the Midwest and comes to New York City in the spring of 1922, an era of loosening morals, glittering jazz and bootleg kings. Chasing his own American Dream, Nick lands next door to a mysterious, party-giving millionaire, Jay Gatsby, and across the bay from his cousin, Daisy, and her philandering, blue-blooded husband, Tom Buchanan. It is thus that Nick is drawn into the captivating world of the super-rich, their illusions, loves and deceits. As Nick bears witness, within and without the world he inhabits, he pens a tale of impossible love, incorruptible dreams and high-octane tragedy, and holds a mirror to our own modern times and struggles.

The Great Gatsby, starring Leonardo DiCaprio, Tobey Maguire, Carey Mulligan, Joel Edgerton, Isla Fisher, Jason Clarke, Elizabeth Debicki, Amitabh Bachchan and Jack Thompson, recently had it's theatrical release shifted from this Christmas to the summer of 2013. It was reported that this decision was in an effort to assuage competition from other Christmas films including Django Unchained and The Hobbit.

Now, an unconfirmed rumor has surfaced claiming that Australian director Luhrmann requested and was denied additional funding from Warner Bros on top of the already invested $127 million production budget. This money would cover reshoots with the main cast that would take place this Fall as well as finalizing visual effects featured throughout the 3D film.

With the studio not backing his request, the report states that Luhrmann will seek private funding in order to meet the project's new release date.