Endless, rambling bio-pic about a theater producer who always planned bigger shows than he could afford, with enthusiasm that proved contagious to financial backers. Semi-falsely billed as a William Powell/Myrna Loy movie, since she plays his second wife, appearing in the last half hour of the three-hour movie. Good scenes (especially the lavish musical numbers) and acting, but the story is bloated with details from Ziegfeld’s life that just aren’t necessary to the plot or character, starting with an opening scene with his father and a little girl (who returns hours/years later to dance in one of his shows, but so what).
Powell was between The Thin Man and its first sequel. He runs a circus act with strongman Sandow (Nat Pendleton of two Thin Man movies), then marries his star Anna Held (Luise Rainer, winning back-to-back oscars with this and The Good Earth) after moving to Broadway shows. Anna carries her whole show, but Ziegfeld wants to do something bigger (he gives the impression of having a short attention span), so he starts the Follies, a musical comedy variety show that changes every year. Some ups, some downs, he seems washed up then opens four Broadway hits at the same time, then falls broke/sick/dead when the market crashes.
Myrna Loy’s character is Billie Burke, the good witch of The Wizard of Oz, and Frank Morgan (Ziegfeld’s main friend/rival) played The Wizard himself. Surprisingly, Will Rogers was dead and that was a Will Rogers impersonator in his scene.
Written by one of Ziegfeld’s main show writers. Won best picture and actress (Luise Rainer). Frank Capra, The Story of Louis Pasteur and Dodsworth took the rest. Got a semi-sequel in Ziegfeld Girl, also by Robert “Ziegfeld” Leonard with Busby Berkeley (it’s shorter, with Judy Garland = probably a better movie), and the music and comedy revue Ziegfeld Follies, featuring Powell as the dead Ziegfeld.