Trivia: Early in the film, as the Salt and Son theatrical troupe performs their stage version of Munchausen's adventures, the Baron is eaten by a giant fish; two mermaids immediately enter stage-left and sing a mournful ditty modestly accompanied by the pit orchestra: "What will become of the Baron? Surely this time there is no escape!" To those with sharp ears, this ditty is the same tune as the soaring, symphonic Baron Munchausen theme music featured throughout the movie.
Trivia: Despite being nominated for 4 Academy Awards (and despite its decades-long cult following), this film was a box-office disaster upon its release, grossing only $8 million against a reported production cost of $46 million. Director Terry Gilliam denied the film cost anywhere near $40 million, and other reports place the total cost at around $35 million. But, even with this more conservative estimate, Gilliam went far beyond his initial budget of $25 million.
Trivia: This film was actually the third installment in director Terry Gilliam's "Trilogy of Imagination," all dealing with fantasy escapism at different ages in life. The first film of the trilogy was 1981's "Time Bandits," a surreal fantasy seen through the eyes of a child; the second film was 1985's "Brazil," another surreal fantasy seen through the eyes of a middle-aged man; 1988's "The Adventures of Baron Munchausen" was yet another surreal fantasy seen through the eyes of an elderly gentleman.