A petty crook, in search of the proverbial pot of gold at the end of the rainbow, hopes to cash in by befriending the heir to a huge fortune.
This was Jodorowsky’s sixth feature-length film, and his first British film. Filming was carried out in Gdansk, Poland. He was frequently threatened by the producers not to change anything in the script, effectively restraining further artistic involvement from his behalf. Jodorowsky has since disowned the movie. It was released in cinemas in London (May 1990), Italy (Il Ladro dell’arcobaleno, 1990), France (Le voleur d’arc-en-ciel, Paris, 1994) and, after, Spain (El ladrón del Arco iris, Cine Doré, Madrid, 2011); but it was never released in American cinemas.This movie, along with his previous Tusk in 1980, mark his most impersonal work, set far apart from his earlier work. It was discussed along with his other films in the documentary La Constellation Jodorowsky (1994).
Excerpt from IMDb reviewer:
How criminal is this – the only format that has *ever* been available for The Rainbow Thief in America is on VHS. Imagine this, a film starring Omar Sharif, Peter O’Toole and Christopher Lee, regardless of who directed it (though in this case the iconoclast/cult-icon Alejandro Jodorowsky), never got released in *theaters* let alone as of late on DVD. It’s not that one must see it because it’s a great lost masterpiece and yada-yada. It actually isn’t. It’s not as great a film as Jodorowsky’s own Santa Sangre or The Holy Mountain. But as far as projects go that have been neglected by a major studio, Warner Brothers, this is one of the most notable to my mind. Especially because, when it comes down to it, it’s quite possibly the filmmaker’s most “accessible” movie to a mainstream audience.