In 2008 , del Toro announced a dark stop-motion film based on the Italian novel '' The Adventures of Pinocchio '' , co-directed by Adam Parrish King , with Jim Henson Company as production company , and music by Nick Cave . The project had been in development for over a decade . The pre-production was begun by the studio ShadowMachine . In 2017 , del Toro announced that Patrick McHale is co-writing the script of the movie . In the same year , del Toro revealed at the 74th Venice International Film Festival that the film will be reimagined during the rise of Benito Mussolini , and that he would need $ 35 million to make it . On November 2017 , it was reported that del Toro had cancelled the project because no studios were willing to finance it . In October 2018 , it was announced that the film had been revived , with Netflix backing the project . Netflix had previously collaborated with del Toro on '' Trollhunters '' . Many of the same details of the project remain the same , but with Mark Gustafson now co-directing rather than Adam Parrish King
74th Venice International Film Festival
74th Venice International Film Festival
Guillermo del Toro