I updated the article with new information.

Hi. The article was rather outdated. I added new info + Gary Rhodes (a Bela Lugosi expert of sorts) pretty much seems to believe the film existed, just that it likely didn't feature a living Lugosi, just some old footage of his.

Newspaper articles were found in Liverpool Echo. The information on there seems to match up with the promotional poster, alongside what Bela Lugosi researchers have said about it.

There's a chance this movie actually existed.