
Fredric March is always great and he especially shines in the early part of the film, playing an actor who drinks too much and is unhappy with his girlfriend. One night he meets an ambitious waitress (Janet Gaynor) who treats him humanely. March is drunk and he ends up getting her fired, so he gets her a screen test to make up for the trouble he's caused her. She becomes an overnight sensation, while his career sinks into oblivion. His low point comes when he humiliates her at the Academy Awards ceremony with a drunken tirade. Afterward he disappears on a long bender while his wife and few remaining friends fear for his life. He returns and she pledges to give up acting to help him get sober. Unable to face being the cause of ending her career he commits suicide by walking into the sea.

Hollywood's view of itself is always slightly strange, because it is always critical of the system that makes stars and spits them out when its had its merry way with them and yet the movies never do much to deflate the dream of overnight stardom. In fact they do just the opposite as in both films, the women are working dead-end jobs and their dreams come true with seemingly little effort. Although the dreams come with a price they still reinforced that fairytale. In the 30s contract players had a yearly option at which time the studio could decide not to continue employment. An off take at the box office or the wrong move in front of the press could end a career. Actors were never really secure and even the biggest stars were vulnerable to changeable tastes and the whims of executives. Many of the stars who rose to the top in the pre-code era, lost their audience when the code came in and dumbed down their movies, just as the stars who had been big in the silent era seemed to fade when sound came through, proving that talent and star quality, what ever it may be, is a tradeable commodity.
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