IN.2 Film announces The Master and Margarita
IN.2 Film, along with originating producers Svetlana Dali and Grace Loh, announced today The Master and Margarita, the first-ever English-language film adaptation of Mikhail Bulgakov’s revered literature masterpiece. The film will be produced in collaboration with Tribune Pictures. Dali and Loh will produce with IN.2’s Johnny Depp, Stephen Deuters, and Stephen Malit, with the film expected to head into production in late 2026.
Set between 1930’s Moscow, where the devil returns with his talking cat to cause havoc amongst its corrupt citizens, and Jerusalem during the time of Pontius Pilate, The Master and Margarita tells a fantastical, satirical tale of love, artistic freedom and the eternal battle of good versus evil. A third intertwined story follows a struggling writer and his lover, Margarita, who is willing to do anything to save him from the totalitarian system. What follows is a darkly comic, wildly imaginative tale of inexhaustible energy, philosophical depth, and spiritual rebellion - a work that remains ferociously relevant today and a timeless reminder of art’s power to challenge, illuminate, and endure.
Regarded as one of the most influential works of the 20th century, The Master and Margarita has sold more than 100 million copies worldwide in over 40 languages, inspiring generations of cultural icons across music, literature and film -- from The Rolling Stones and David Bowie to Patti Smith and Federico Fellini. The New York Times hailed the book as “funny, devilish, brilliant satire… literature of the highest order.” Publishers Weekly called it “a masterpiece… a classic of twentieth-century fiction.”
This project continues Dali’s collaboration with IN.2 following her executive producer roles on the Depp-led, World Vision and Red Sea Film Foundation backed, Jeanne du Barry (2023) and Modì: Three Days on the Wing of Madness (2024). Natasha Rogal also produces, with Robert MacLean producing for Tribune Pictures. Executive producers include Nevin Shalit, Andrew Fourman, World Visions' Konstantin Elkin, Tribune Pictures' Michael Paletta and the late Michael Lang.
Johnny Depp is represented by Jack Whigham at Range Media.
For more information on the Red Sea Film Festival please contact DDA
redseafilmfestival@ddaglobal.com
For more information on IN.2 & The Master & Margarita please contact TAG PR
Breanna Butler, breanna@tagpr.com
Michael Lawrence, ml@tagpr.com
About:
IN.2 is a UK based entertainment company, garnering inspiration from original scripts, plays, and literature, to create & release film, music and theatre focusing on European sensibility combined with American accessibility. Founded by Johnny Depp in 2021, and owing in large measure to his reputation as an artist, IN.2 inherits a tremendous depth of talent relationships, together with an up-to-date understanding of the fast-evolving international landscape, which combined forms a truly independent voice for artists.
Svetlana Dali is an international producer dedicated to creating bold, artistically driven, and globally marketable content. Her recent credits include the upcoming feature 20 Lives (2026) directed by Gabriela
Cowperthwaite; Julian Schnabel’s In the Hand of Dante (2025) starring Oscar Isaac, Gal Gadot, and Jason Momoa: Lear Rex (2026) starring Jessica Chastain and Al Pacino.
Grace Loh is an award-winning producer whose passion for entertaining, thought-provoking, and occasionally subversive stories is reflected in her diverse work, including the Sundance Audience Award-winning drama Grace is Gone and the cult comedy Hot Tub Time Machine. Before establishing herself as an independent producer, Loh led John Cusack’s New Crime Productions, overseeing a dynamic slate of films including Stephen Frears’ critically acclaimed High Fidelity and the bold political satire War, Inc.
Tribune Pictures is an independent media company specializing in the development, financing, and production of feature films. The company collaborates with leading international filmmakers to create works of artistic merit while maximizing their commercial potential and bringing exceptional IP to global theatrical and digital audiences. Recent productions include, Alpha Gang (2026), The Wizard of the Kremlin (2025), In the Hand of Dante (2025) and Dead Man’s Wire (2025).
About Red Sea International Film Festival
The Red Sea IFF is a grand celebration of film, bringing the best of world cinema to Jeddah. Over the past four editions, the Festival has premiered critically acclaimed award-winning filmmakers and films, classic cinema, and a spotlight on films from underrepresented voices underscoring the Festival’s commitment to cinematic excellence and bridging cultures.
The Festival has garnered significant recognition, winning many awards for best cultural and film events. It has achieved massive publicity, reaching millions of audiences worldwide, with thousands of press attendees. Regarded as Saudi Arabia’s highest-profile and most anticipated event, the Festival has captured the attention and acclaim of renowned industry figures worldwide and has been attended by tens of thousands of accredited visitors.
As the largest celebration of cinema and culture in the MENA region, the Festival features exciting new films on the big screen, alongside retrospective programs celebrating cinema masters, the latest Saudi films, feature and short film competitions, industry events and masterclasses (In Conversations).
For ten exhilarating days (December 4-13), the Festival will transform the historic Jeddah Old Town, Al-Balad, into a cinematic wonderland, captivating film enthusiasts, industry professionals, and global audiences alike for its upcoming fifth edition. Al Balad is recognized as a UNESCO site that offers a captivating cultural experience reflecting the rich heritage of Saudi Arabia.
