After Terry Gilliam first read the novel in 1989, he immediately started conceptualizing the film adaptation. Gilliam struck a deal with Phoenix Pictures in 1990, but ultimately decided that the budget the studio offered him was too low, and was dropped from the project. Phoenix Pictures chose Fred Schepisi to replace Gilliam, with John Cleese as Quixote and Robin Williams as Panza; however, the project was officially cancelled in 1997. The Man Who Killed Don Quixote (Amazon, 2018), which was directed by Gilliam, was released in the spring of 2018, nearly 30 years after Gilliam had conceived of it.
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