Coming off the success of Taxi Driver (1976), Scorsese secured a big budget and MGM sound stages for what was meant to be his tribute to and deconstruction of classic Hollywood musicals, but the tribute got lost somewhere in the deconstruction.
De Niro plays his role very close to Taxi Driver's Travis Bickle, and it's hard to see him as a groundbreaking, talented musician when he acts like a psychotic loser.
It's not Scorsese's best work, or De Niro's (there are scenes in which his personality quirks and bizarre behavior make him seem uncannily like his Travis Bickle in Scorsese's " Taxi Driver ").
Time has been fairly gentle on this film, but it's not hard to see why audiences and critics in 1977 were so disappointed: if nothing else, the director's earlier films like Mean Streets , Alice Doesn't Live Here Any More and Taxi Driver had all been united in their sometimes painful emotional rawness, whereas New York, New York is above all things noteworthy for its startling audacity and conceptual bravura.
Martin Scorsese ("Raging Bull"/"Taxi Driver"/"Goodfellas") helms this overlooked unconventional musical romantic/drama, modeled on Ida Lupino's The Man I Love (1946), as his valentine to Hollywood and the Big Band era (the sounds of such Scorsese favorite's as Benny Goodman, Tommy Dorsey, and Artie Shaw).