"...still it's pretty uncommon to give top billing to a non-movie star however important they may be in the theatre"
Perhaps today it is, but we're talking about 1927-1930... those few years the world went Musical crazy!! Broadway stars were flocking to Hollywood, and it was quite common to bill the theatre star over the movie star in a musical. I'd think many of the Broadway stars would have demanded top billing, and due to the musical being such a success - the studios would have been more than willing to sign them up to make a fortune.
"I can see him maybe billed over Anita, who was basically just starting herself, but Billie Love was a pretty famous silent movie star for years so that seems unusual to bill him over her."
Fame doesn't work like that! It's all about who is 'in' at that moment in time & the 'next big thing' (unless you're a fully fledged star, at a studio like MGM with the star contract which secures top billing.. think Shearer & Garbo).
It still happens today, there may be a current 'next big thing', who will get top billing over an established actor/actress. I often think it's mad, but it's whoever will bring in the public, and make the studio the most money.
Big bucks for the studios.
Back to the film...
Bessie Love, had been a big name quite a few years before 'The Broadway Melody' was released, but never a 'star' at MGM. Love was always a 'featured player' (as was Anita). I think by 1928-1929, Anita was considered a more 'important' actress than Bessie, or any other starlet/featured player at the studio. The movie magazines and MGM publications of the period raved about Anita, she was going to be huge.. on par with Joan Crawford. MGM were giving her the star build up, from late 1927 until mid 1929. That's fame, fickle, and you're the "belle of the ball" one minute and a "has been" the next. (Of course, I'm not referring to Anita as a "has been"... her career was very unusual)
Also, I'll just add that what I have realised, it depends on the country (or the state if referring to USA) for the film release on who got top billing (in film ads, promo material). From what I've researched and collected, during 1928, in England, Bessie Love was considered most popular and in Australia it was Anita. In USA it was Charles and Anita.
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