Broadway producer Vivek Tiwary told the Liverpool Echo he has been working with the Epstein family as well as his former business associates in putting together the so-called Fifth Beatle project.
He said the as of yet untitled film would be more along the lines of "Pink Floyd's The Wall" than a traditional Hollywood biopic.
Tiwary, describing the film as "quirky, hallucinogenic," also told the newspaper he does not plan on featuring Beatles music in his film.
"That would overshadow that I'm trying to tell Brian's story, not the Beatles'," he said.
Epstein was found dead of an apparent overdose in his London apartment in 1967. He was 32.