Released more than five weeks ago, the film starring Jackman and Nicole Kidman pulled in a mere $44.3 million in ticket sales in the US and Canada, but cost $130 million to make and garnered not a single nomination for any of the pre-Oscar awards programs.
That means the only way Jackman was going to make it to the Oscars this year was as a host.
Fox did alright for itself as well with its dog comedy "Marley & Me" coming in at No. 1 for the holiday season.
As for Luhrmann, he's expected to direct an adaptation of F. Scott Fitzgerald's classic "The Great Gatsby" for the screen, a development that has stirred the interest of many LA writers and readers who count the book as a favorite.
LA writer Mark Savas at The Elegant Variation headlined his opinion on the news "The End of the World as We Know It," and has invited suggestions of a "worse director to take on 'The Great Gatsby.'"
Entertainment writer Nikki Finke, who broke the news on Luhrmann's "Gatsby" project, has invited readers to make casting suggestions.