A musician is offered a job in Vienna as stage director, but his disagreements with the aristocratic opera manager end in abrupt firing in spite of a mutual attraction. He's quickly engaged by another theatre and becomes famous for his lavish stage productions and fine acting, which begins their golden age with Suppé and Strauss.
In this convoluted melodrama, an elderly thespian falls for a rising young starlet. He admits his love for her and then announces that he will retire. The young woman pretends she loves him too, but her real motive is to give her struggling lover, also an aspiring actor, a break.