The only possible reasons to watch this is if a) you are a Brigitte Nielsen completist; or b) you have a morbid desire to see the late Dana Plato's breasts (my reason was the latter, but I've already come to terms with my sickness).
Bad acting, bad script, bad cinematography, and non-existent production values add up to worthless dreck, even by direct-to-video standards.
Danny Fendley, playing a "famous action star" looks about as buff as my very fat beagle. Besides not looking good in the part, he can't act very well. This might have been part of The Method, of course: he became an action star in his own mind and like all action stars, was incapable of delivering lines well.
Melissa Moore, who is topless in most of her scenes, looks like a topless action star. Not counting her chest, she's shrill and uninteresting.
Dana Plato. Poor Dana Plato. She delivers some emotion (not much) in her readings, but you still wonder what she was doing here. Surely she had to know that even with nudity, this could not be a route back to Hollywood stardom. In retrospect, she only furnishes leering pathos.
I don't remember much of Brigitte Nielsen. She was killed off shortly after giving a canned speech to her husband (the "action star").
The script does not help this untalented cast. It's silly in terms of its plot, and plodding in its dialog.
Even the subtitle, "Murder in Hollywood" is wrong: this was filmed (taped) in Atlanta. If Edward Wood had lived another 20 years, he might have ended up directing this, and probably would have improved it.