From F. Scott Fitzgerald's last work, The Last Tycoon follows Monroe Stahr, Hollywood's Golden Boy as he battles father figure and boss Pat Brady for the soul of their studio. In a world darkened by the Depression and the growing influence of Hitler's Germany, The Last Tycoon illuminates the passions, violence and towering ambition of 1930s Hollywood.

Monroe's personal life heats up as he pursues the beautiful Kathleen, who pushes against the idea of being a replacement for Minna. Pat Brady's pet project has a devastating debut, forcing him to accept Monroe's help. Celia gets cozy in her role as producer, so Hackett takes it upon himself to give her an education.

Brady makes a drastic decision to save the studio which causes a catastrophic rift in his relationship with Stahr. Monroe and Kathleen grapple with the emotional fallout of her dark deception. Rose forges a new path in life. Celia takes a lesson from her father. Max's indiscretion comes back to haunt him. Hackett has a surprising proposition for Hannah.