Yes, it is. The movie was inspired by real - life events in Hollywood during the transition from silent films to talkies. Many actors and actresses at that time faced challenges similar to those depicted in the movie, such as dealing with new technology and changing audience expectations.
One real - life element is the struggle of actors during the transition to talkies. In the movie, some characters face difficulties with their voices, which was a real issue for actors in Hollywood at that time.
Yes, 'Fear of Rain' is based on a true story. It often draws from real - life experiences related to mental illness and the challenges faced by those dealing with it.