'Shutter Island' release date postponed

LOS ANGELES, Aug. 21 (UPI) -- Hollywood's Paramount Pictures said Friday it is postponing the release of Martin Scorsese's film adaptation of the novel "Shutter Island" until next year.

Co-starring Leonardo DiCaprio and Mark Ruffalo, the movie was slated to open Oct. 3, in time for the 2009-10 awards season. Scorsese and DiCaprio previously collaborated on the Oscar-nominated films "Gangs of New York," "The Aviator" and "The Departed."

The Los Angeles Times said the studio now plans to release "Shutter Island" Feb. 19, since it also hopes its films "The Lovely Bones" and "Up in the Air" will be Oscar contenders, and doesn't want to overspend in marketing its various offerings.

"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 changing environment," the Times quoted Paramount Chairman Brad Grey as saying in a statement.

"Shutter Island" is based on Dennis Lehane's novel by the same name. Lehane's books "Mystic River" and "Gone Baby Gone" were previously made into successful movies.