This interpretation sits precisely at the intersection of tedium and pretentiousness.
Specific problems:
1. The actors playing the two main protagonists are far too old for the parts. We could suspend disbelief here if the direction hadn't rendered them both free from any personal magnetism.
2. The black and white has the look of a high-end commercial from the '90s. It was a major mistake. The already one-dimensional direction is rendered even more wooden by the monochrome.
3. Every ancillary character has been directed to adopt the expression and body language of a person returning from the funeral of a close relative. Dolce vita? More like Dolce miserabile.
4. The casting of Eliot Sumner as Freddie.
This is a truly dreadful interpretation.