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If you want to read about the business structure of Hollywood during its beginnings, this is the book for you. I cannot recommend it enough.
He illuminates both the art and the business of films, with keen analysis of how producers, directors and screenwriters created such fine art (and rich profits) -- especially the producers, who are more the authors of Hollywood films than any other group.
He convincingly portrays MGM's Irving Thalberg as a genius of art and commerce and MGM's Louis B. Mayer as a clod (except when dealing with difficult stars).
Schatz offers telling portraits of many others who did their best work under the constraints of the Hollywood system. He details the major studios' styles and how they evolved over the years. It's clear he has read file cabinets of documents, from endless -- but revealing -- memos to how much the stars made(!).
He also puts the film industry in social and cultural context; he even says the anti-communist witch hunts of the 1940s and 1950s were a disguised form of anti-semitism.
In the end, Schatz offers a convincing alternative to the auteur theory.
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