The final official running time for Baz Luhrman‘s Australia (11.26) is 165 minutes. Straight from the horse’s mouth (i.e., 20th Century Fox distribution).
Monday morning update: Two U.S. exhibition sources have told a colleague that Australia‘s running time is 155 minutes, and yet an Australian media source who saw it last night has written to say it’s “definitely” 165 minutes. The confusion will be cleared up soon, as Baz Luhrman‘s film is screening for NY press on Wednesday and Thursday.