'Wolf of Wall Street' Release Dodges NC-17 Rating After Sex Scenes Are Cut: Trailer [VIDEO]

  • Michael Briggs , Design & Trend Staff Writer
  • Nov, 29, 2013, 07:19 PM
'Wolf of Wall Street.'
(Photo : REUTERS/Andrew Kelly)

Martin Scorcese's Wolf of Wall Street has been awarded an R rating, rather than an NC-17 label, following a directorial cut of certain nudity and sex scenes, according to The Hollywood Reporter.

The Reporter adds that the film is tabbed at just under three hours long, which would make the longest of Christmas-time releases. Wolf narrowly beats out Scorcese's Casino by one minute for the distinction of being the director's longest film to date.

The Classification and Ratings Administration Board originally decided on the NC-17 rating because of "abundant, explicit sex" and drug use.

Wolf of Wall Street is slated for a Christmas Day release date after being pushed back from Nov. 15 due to a longer-than-anticipated editing process from director Martin Scorsese. An early cut of the film was reportedly over three hours long. The film's running time is now 2 hours and 59 minutes, but 2 hours and 53 minutes without credits .

"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.

Paramount decided on the Dec. 25 release after a shortened version of the Oscar-hopeful was screened for Grey, Leonardo DiCaprio and other top Paramount executives, according to The Hollywood Reporter's studio sources.

The Wolf of Wall Street captures '90s corporate greed from the eyes of Wall Street broker and high life-liver Jordan Belfort, who is played by DiCaprio.The film, based off Belfort's New York Times best-seller memoir, also stars Matthew McConaughey, Jonah Hill, Jean Dujardin, Rob Reiner, Kyle Chandler, Margot Robbie, Jon Bernthal, Cristin Milioti, P.J. Byrne and Ethan Suplee.

Check out the Wolf of Wall Street trailer below.

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