"The financing collapsed about a month and a half ago," Terry Gilliam said Saturday at the Deauville American Film Festival.
"I shouldn't be here. The plan was to be shooting 'Quixote' right now."
Even so, he still wants to push on with the project.
"Don Quixote gives me something to look forward to, always. Maybe the most frightening thing is to actually make the film."
Terry Gilliam confessed to a weird feeling of deja-vu on seeing his name on the film. "Whoever that guy was, I envy him, because he had a lot more energy than I do now," he said.