06.29.1312:48 PM ET

'50 Shades' Movie Date Announced

Will hit theaters August 2014.

We know you've been holding your breath waiting for news of the movie adaptation of 50 Shades of Grey, the most famous S&M novel this side of the Marquis de Sade himself. Well, the wait will hopefully be a little less, ahem, painful now that we know the end date. Yes, producers announced the release date of the much-anticipated film on Friday: mark your calendar and make sure your favorite dominatrix is free for August 1, 2014. Will it be the hit of the summer season? If book sales are anything to go by, the rest of the summer releases will be, well, whipped.