Speaking to Daily Record, he said: "It is a project which is taking up a lot of time even though it is in the preparatory stages. It is a bit early to say how we feel about it.
"Obviously, we go into it with a great amount of enthusiasm but also a certain amount of caution because Freddie's legacy is very precious and we have a great responsibility not to mess it up."
"It is more about Freddie than it is about us and that is deliberately so."
"We have resisted making this film for a long time and it is only now we feel we have the right people that we have given it the OK."
Speaking about the possibility of Baron Cohen being cast as Mercury, he said: "Sacha does seem perfect."
"If it hadn't been for Sacha pushing and pushing, we wouldn't be at this point. We didn't choose him."
"He chose us. He is passionate about playing Freddie. For years, he's been saying he is going to do it."