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Baz Luhrmann

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What's going on with the second soundtrack CD from ''Moulin Rouge''?
I just finished it, and it comes out in February. All of the music on the CD comes from the film, so it's not an ''inspired by'' soundtrack. We made a decision in the beginning that the double album would be too expensive for younger audiences, so we put the radio-friendly tracks on the first album and what I like to think of as the show tunes on the second album. So this one has ''Like A Virgin'' and ''The Show Must Go On.'' I could do a third album quite easily, there's that much music in the film that hasn't been released.

What can we expect from the double DVD set coming out next month?
I've extracted all of the dance sequences from the film and put them on one disc. I'm not sure how much more footage I've included, but one example is the can-can scene, which was just 40 seconds in the movie, but is almost five minutes on the DVD. You can also edit your own version of the tango, and you can view ''Roxanne,'' ''Can Can,'' and the end sequence from four different camera angles. While a lot of DVDs just dump on a bunch of B-roll footage to give you a peek behind the scenes, we've really worked to show the audience how the movie was made, and in a fairly vulnerable way, because we included the rehearsal and the writing process as well. You can see an idea progress from Craig and I writing a song, to me singing it -- which is something you might want to skip over -- then Ewan and Nicole singing to each other. It's like looking behind the red curtain and discovering the journey from beginning to end.

Now that you've completed your Red Curtain Trilogy, what's next? Didn't you say you wanted to make a Bond film?
I was joking! My point was, what I might WANT to do is make a Bond film or even just take a break, because that would be fun, but what I need to do is something that might make my life journey interesting and fulfilling. Right now I'm in San Francisco looking for places to put up my production of the opera ''La Boheme.'' Then in March I have two months where I just go off on my own with a backpack and a credit card to stir up ideas. I will do other musicals someday, but after every project I take a moment to stop and ask myself, What can I make that could be useful? I mean, do we really need any more crap? I have nothing against junk, I like junk for myself, but I'd rather make one or two films that are useful than a lot of stuff that's only useful for a minute.