By Peter Lesser ( | First Posted: Feb 22, 2013 07:26 PM EST

(Photo : Wiki Commons)

At last, news of the highly anticipated "50 Shade of Grey" movie has been released. Adam Fogelson, Chairman of Universal Pictures, announced that the film could be out in theaters as early as summer 2014.

After months of swirling rumors concerning details about the movie, Christian and Ana fans can rest easy. Well, not entirely. As mentioned above, the movie will be released as early as summer 2014, but no definitive date has been set, according to Enstarz.

Additionally, it won't be out until summer of 2014. That's still a year and a half away. The movie that seems like it will never come may still seem that way for diehards who have waited anxiously for news regarding the movie's release.

The good news is that the studio has "prioritized" the film. Fogelson also offered some explanation as to why it's taking so long.

"I understand why some people might take that point of view [that the film won't be here soon enough]. But I don't believe that E.L. James had any interest in going to a studio where rushing it into production was the vision. I don't believe that the second or third film would have benefited from that strategy. And I think that there are totally legitimate questions about what this book is as a movie. I will tell you that it is an absolute priority for us. It's conceivable that we could be ready to release it as early as next summer," he said.

Any other heresy about signing on Angelina Jolie as director has been put to bed. Fogelson mentioned that the studio is working with Jolie on another project, but that they've been considered experienced directors who are better versed in filmmaking for "50 Shades of Grey."

Now that the movie's release has been announced, we can only speculate as to who will play Christian. Maybe a Matt Bomer type figure? Or a perhaps a Henry Cavill? One can only hope.

As for now, we can all take a deep sigh of relief knowing that the "50 Shades of Grey" movie has a set release date, or at least a set target. It's going to be an interesting year and a half.

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