It looks like Martin Scorsese’s (The Departed) next film, The Wolf of Wall Street, might miss its scheduled November 15th release date. Reports have come out that Scorsese submitted a three-hour cut of the film that still has to be trimmed down closer to a two hours. Unfortunately, the editing process to ensure the final film runs smoothly will take an extended period of time.

The most important factor in the potential delay is that The Wolf of Wall Street will miss the window for Oscars consideration. Even if a film does well critically, any film released post-holiday almost always gets looked over come awards season. The first trailer for the film exuded energy and charisma, and waiting longer would be a huge critical blow for Scorsese and fans alike.

[via /Film]