Tree of Life Officially Out of This Year's Oscar Derby

Oscar pundits have been holding down a space for Terrence Malick's long-delayed The Tree of Life for two years, and today brings both good news and bad. On the plus side: The Sean Penn/Brad Pitt drama is finally kinda-sorta dated! Downside: It's coming out next year. Fox Searchlight dropped the bomb today while announcing that the studio has picked up domestic rights to distribute, and considering the packed awards slate Searchlight is fielding this year (which includes Never Let Me Go, Black Swan, 127 Hours, and Conviction), maybe a 2011 berth is best. [Coming Soon]