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Paramount Delaying Scorsese Flick For Lack Of Marketing Funds

Paramount Pictures is shelving Martin Scorsese's highly anticipated psychological thriller, "Shutter Island," six weeks before its scheduled release because it says it won't have enough money to market it effectively until next year, Joe Flint reports.

Trailers for the movie, which is adapted from Dennis Lehane's best-selling novel and stars Leonardo DiCaprio, have already been playing all over the country. It had been set for an Oct. 3 release and will now debut on Feb. 19, too late for the next Oscars.

"Our 2009 slate was green lit in a very different economic climate and as a result we must remain flexible and willing to recalibrate and adapt to a challenging environment," Paramount chairman and CEO Brad Grey says in a statement. On the positive side, Paramount reportedly has already purchased an ad in the Super Bowl to hype the release.

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