In the 1970s, Studio 54 stood as the ultimate temple of disco, decadence, and hedonism. Lifelong friends and business partners Steve Rubell and Ian Schrager curated a coveted guest list, deciding who slipped past the velvet rope into a celebrity-studded playground that attracted everyone from Cher to Truman Capote to Imelda Marcos. But while Steve and Ian were meticulous about crafting the perfect mix of the rich, famous and beautiful, they were far less disciplined with their finances. Skimming cash became routine – and a series of missteps eventually brought their seemingly neverending party crashing down.
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