18 January 2013 9:00 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

This story first appeared in the Jan. 25 issue of The Hollywood Reporter magazine. William Stadiem, a sometime screenwriter, best-selling author of a memoir about befriending Frank Sinatra and co-writer of books with Marilyn Monroe’s maid and Hollywood madam Alex Adams, had a great idea, a high-concept pitch if you will: a breezy, gossipy retelling of “Hollywood in its last age of excess” -- the go-go ’80s of hairdresser-turned-producer Jon Peters and the coke-snorting, Ferrari-driving Don Simpson (Top Gun, Beverly Hills Cop). Certainly, the period has not lacked for chroniclers, including Hit &

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