The Adventures of Baron Munchausen got fired, and all these deals were oral deals. ... Columbia's new CEO, Dawn Steel, said 'Whatever David Puttnam "[has]" said before doesn't interest me'". Regarding the new regime's apparent animosity towards all of Puttnam's projects and "Munchausen", Gilliam added in the same documentary, "I was trying very hard to convince Dawn Steel that this was not a David Puttnam movie, it was a Terry Gilliam movie." Similarly Kent Houston, head of Peerless Camera doing the film's special effects said in "Madness and Misadventures" that they were promised a bonus if they would finish the effects in time, but when
The Adventures of Baron Munchausen a financial disaster how "It seemed actually appropriate that Munchausen–the greatest liar in the world–should be a victim of some of the greatest liars in the world." He compared the film's budget problems to the even more serious problems of "We're No Angels" that commonly go unmentioned, and he went on to declare its difficulties as a mixture of "trade press" still being upset about Gilliam's battle with Universal over "Brazil", nepotism, and an intrigue on behalf of Ray Stark successfully trying to have Puttnam removed from Columbia, coupled with the fact the studio was being sold at the time: