In his new film Nightmare Alley, the Oscar-winning director abandons fantasy for gritty noir – but, as he knows from his childhood, humanity has its own share of monsters

Guillermo Del Toro used to describe
Hollywood as “the Land of the Slow No”. Here was a place where a director could die waiting for a project to be greenlit. “The natural state of a movie is to be unmade,” he says over Zoom from his home in
Los Angeles. “I have about 20 scripts that I lug around that no one wants to make and that’s fine: it’s the nature of the business. It’s a miracle when anything at all gets made.”
Nevertheless, Del Toro has established himself as this century’s leading fantasy film-maker, more inventive than latter-day Tim Burton and less bombastic than Peter Jackson (with whom he co-wrote the Hobbit trilogy). From the haunting adult fairytale Pan’s Labyrinth and the voluptuously garish Hellboy romps to his beauty-and-the-fish love story The Shape of Water, which won four
Oscars, he is the master of the glutinous phantasmagoria.