This is obviously fake.
From The Lost Media Wiki
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This lost film sounds like a troll lazlly made up a lost film plagiarized from Roald Dahl's Charlie and the Chocolate Factory, and the year of release predates the original book in a half-reared attempt to prevent people from noticing its nature as a fabrication.
Why doesn't this wiki make it possible to report articles in just a mouse click? That would save us plenty of headaches.