Yes, 'Live by Night' is based on a real story. It often draws from the historical context of the Prohibition era in the United States. This era was filled with organized crime, illegal alcohol trade, and a lot of social and moral upheaval.
The most prominent aspect is probably the illegal alcohol trade. During Prohibition, this was a huge part of the real - story that inspired 'Live by Night'.
Live by Night is purely fictional. The plot and characters were invented to create an engaging narrative rather than being drawn from real-life events or people. The story is a product of the creator's imagination.
It depends on what you mean by 'real'. If you're asking if it's based on actual events, I'm not sure. Maybe it's fictional but inspired by real-life elements.
Yes, 'Live by Night' is based on a true story. It's based on events in the Prohibition - era in the United States. There were real - life gangs, illegal liquor trade, and power struggles similar to what's shown in the movie. For example, the complex relationships between different criminal groups and the police trying to combat the illegal activities were real aspects of that time.