This movie is a work of fiction based on some things that appeared in the book, What Just Happened?
In the book Art Linson is producing The Edge with Anthony Hopkins and Alec Baldwin as well as Great Expectations. The business with Alec's beard is in the book, but it's something that happens on location rather than a studio in L.A.
The book's title comes from when Linson and The Edge writer, David Mamet have a meeting with Tom Jacobson of Fox, and following a round of confusing questions and absurd suggestions, Linson and Mamet leave the room and Mamet asks, "What just happened?" Linson replies, "I think it went well." Mamet then asks, "What's it like when it goes bad?" Linson responds, "They tell you no in the room."
There's also casting stories included as well. They really wanted Robert DeNiro for the role Anthony Hopkins played. DeNiro declined but he did appear in Great Expectations instead. Apparently that one was alot less work.
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