The reschedule was on account of delay in rendering of 3D versions of the film which 'took longer than anticipated' even as there was a spike in demand for screens, a release from the film unit said today.
Further, there was a demand for additional 2,000 screens all over the world, spurred by the surge in advance bookings, it said adding 1.25 lakh tickets were sold in two hours in Chennai after bookings opened.
"The film would be released with all its glamour on May 23, 2014 as a summer bonanza," it added.
The clarification from the film unit came in the wake of reports in a section of the media that the film was facing financial hurdles and therefore the delay in release.
'Kochadaiyaan,' shot using motion capture technology, also stars Deepika Padukone, Jackie Shroff and R Sarath Kumar, among others.