Johnny Depp will produce the first English-language film adaptation of Mikhail Bulgakov's classic novel The Master and Margarita. Deadline reported that Depp shared the news in an appearance to promote the project at Saudia Arabia's Red Sea Film Festival, though "he is not currently attached to star. No word yet on who wrote the script, and a director has not yet been attached."
Depp will produce with Stephen Deuters and Stephen Malit under his IN.2 Film banner, alongside Svetlana Dali, Grace Loh, Natalia Rogal, and Robert MacLean for Tribune Pictures. Executive producers include the late Michael Lang, Nevin Shalit, Andrew Fourman World Visions' Konstantin Elkin, and Tribune Pictures' Michael Paletta. The project reunites Depp with Dali, who exec produced Jeanne du Barry and Modì: Three Days on the Wing of Madness.

