'is now out' is a correct and useful phrase in written English.
You can use it to express that something has been released or is no longer being done. For example, "The new Harry Potter movie is now out, so let's go see it!".
Exact(55)
Civilization: Is the West History? is now out on DVD.
(The single is now out).
Suffragette is now out on DVD.
It is now out in the UK.
He is now out on bail.
She is now out on bail, pending appeal.
Similar(5)
"Annie is now out-progressiving her progressive parents".
The ghosts are now out in force.
Where there used to be hits, there were now outs.
Boys are now out-numbered at university by girls.
are now out-dated.
More suggestions(3)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com