Walter Matthau had been batting around Hollywood as a character actor for several years when he decided that the only way to be a star was to make his own movie. The result was Gangster Story. He got his wife Carol Grace to co-star and bankrolled a spartan but very decent potboiler.
Matthau also directed the flick, which was the last time he ever tried that! Interesting to see that he saw himself as a Mike Hammer type detective. The gambit worked and Matthau made the transition from character actor to star. Time, of course, saw him as one of filmdon's finest character comediens.
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