Robert DeNiro stars as Monroe Stahr, a thinly veiled depiction of film pioneer Irving Thalberg, who is burdened by his overwhelming position as a studio production head, by the loss of his movie star wife, and by his weak heart. While DeNiro's portrayal is the centerpiece of the film, there are several other elements involved which lend an extra aura of prestige. Directed by Elia Kazan, the film is technically competent, but, as it is based on a work which its original author left incomplete, the ending is a bit forced and contrived. You can tell that they had to come up with an ending without the resource of the author to make it seamless. To lend additional sparkle, there are appearances by a multitude of stars such as Tony Curtis, Robert Mitchum, Ray Milland, and Theresa Russell who vie for screen time on the periphery of the main plot line involving Stahr's encounter and subsequent infatuation with an extra, played by Ingrid Boulting, who is his dead wife's twin. Mitchum in particular does a nice job as the studio boss, but all of them feel underused. If you're going to put these people in a film, they should have something to sink their teeth into.

Kazan captures the spirit of the time and place well, but the pacing is slow - sometimes interminable - and sometimes confusing. It doesn't seem to have that crackle that Kazan's previous films had, and perhaps the director recognized this and subsequently retired.

While The Last Tycoon represents Elia Kazan's last directorial effort, it is also notable for featuring the only joint screen appearance to date of Robert DeNiro and Jack Nicholson.