Jonathan Shields (Creator/KirkDouglas) used to be a great studio mogul in Hollywood, but his perfectionism has practically bankrupted his studio. He calls three former associates, UsefulNotes/AcademyAward winning director Fred Amiel (Barry Sullivan), blockbuster actress Georgia Lorrison (Lana Turner), and novelist-turned-screenwriter James Lee Bartlow (Dick Powell), to help him with a film that could save his studio.

Except his need for perfectionism also caused him to betray each of these three associates, so they want nothing to do with him. The studio's former head, Harry Pebbel (Walter Pidgeon), pleads for them to help, and the film plays out with each of the three recalling their time with Shields.

The film is one of the most notable of the "Hollywood on Hollywood" genre, and is part of the library of congress. The films is also a famous mix and match of real people in the business, almost bordering on RomanAClef.
!!This film contains examples of:

* BMovie: What Shields's studio made until he bought it out.
* ChewingTheScenery: The scene where Shields betrays Georgia is supposed to be him revealing his "true self" to her, but it's pretty hammy compared to the rest of his performance.
** What's just as over the top is the next scene, with Georgia in her car, weeping and then finally breaking into screams. All the while she's ''still driving''.
* ChronicBackstabbingDisorder: Shields, even when he doesn't have to be. He prefers to go behind people's backs rather than telling them things outright.
* DoingItForTheArt: InUniverse. Shields puts the quality of his films ahead of anything else, even to the point of not releasing a film vital to the studio's bottom line because he thinks he directed it poorly.
* ExecutiveMeddling: InUniverse. Shields is continually dissatisfied with one director, who finally has enough and tells him that he can direct the film himself if he's going to make so many demands. It doesn't turn out well, as Shields himself admits.
* {{Horrible Hollywood}}
* HowWeGotHere: The movie is made of three long {{flashback}}s, one for each of the people Shields wants to help him.
* IgnoredEpiphany: Shields concedes that his father was "the king of the heels" and notes that he was held in such low regard when he died that he literally had to pay the mourners at the funeral to be there, but all he takes from that is that he'll have to be an even bigger bastard to pay back those who failed to give the Shields name the proper respect.
* LatinLover: Gaucho. He's even referred to as such.
* LonelyFuneral: The funeral of Shields' father, Hugo who was also a film producer. Plenty of "mourners" show up, but only because Shields paid them.
* NoEnding: [[spoiler:Georgia, Fred and Jim are not impressed by Harry's plea, and when a call comes through from Shields, they leave Harry's office. However, they start eavesdropping on Shields describing his idea and look intrigued. Will they help him out after all? It's ambiguous, because the movie ends there.]]
* NothingIsScarier: Shields utilizes the concept to turn a low budget horror movie from SpecialEffectFailure to psychological horror.
* ParentalIssues: Both Shields and Georgia had to crawl out from the shadows of their fathers.
* PeopleInRubberSuits: Shields and Fred are assigned to make a low-budget horror film about cat men, who are supposed to be played by people in crappy suits. They declare that "five men dressed like cats look like five men dressed like cats", and they make the film [[NothingIsScarier without showing the monsters.]]
* PimpedOutDress: The fox-trimmed dress Georgia wears to the premier of her film, as well as the GorgeousPeriodDress outfits in the films.
* PrettyInMink: At least one major fur is worn in each flashback. Fred's girlfriend wears a white ermine jacket. Georgia wears a dress and cape trimmed with white fox fur, and Bartlow's wife wears a mink coat and then a white mink wrap.
* RightInFrontOfMe: How Fred met Jonathan. He was one of the paid "mourners" at the funeral of Jonathan' father, but he coludn't resist making snide comments about the deceased to the guy next to him. Unfortunately, the guy next to him was Jonathan.
* ScrewTheMoneyIHaveRules
* VillainProtagonist: Shields.