The History and Legends of the Hollywood Sign

TLDR The Hollywood sign was originally built in 1923 as a billboard for a real estate development, and despite facing demolition, it was saved by Hugh Hefner through a party and auction. Over the years, the sign has been restored, discovered to be next to Howard Hughes' land, and has become a symbol of Hollywood's history and allure.

Timestamped Summary

00:00 The Hollywood sign was originally constructed in 1923 as a billboard for a real estate development called Hollywood land.
02:13 The Hollywood sign was originally built as a billboard for a real estate development called Hollywood land, and despite being made of plywood, it outlasted the development itself.
04:23 Hugh Hefner stepped in to save the Hollywood sign from being bulldozed by throwing a big party and raising money through an auction.
07:29 The Hollywood sign was restored in 1978, with steel replacing the original plywood and sheet metal, and in 2010 it was discovered that Howard Hughes owned land next to the sign.
09:32 The land next to the Hollywood sign was bought for $1.67 million in 2002, put up for sale for $22 million, and was ultimately saved by Hugh Hefner.
11:41 Peg Entwistle, a young starlet, tragically jumped off the H in the Hollywood sign in 1932 after struggling to make it big in Hollywood.
13:56 Betty Davis reportedly advised aspiring starlets to take the east-west running street called Fountain to get to Hollywood quicker.
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