What does the cryptic crossword clue "Fails to retain backer in Hollywood area (10)" mean?

The definition is "Hollywood area". The wordplay uses a container (one word inside another). ANGEL (synonym="backer") in LOSES (synonym="fails") = LOSANGELES The answer is LOSANGELES.

Fails to retain backer in Hollywood area (10)

Independent Cryptic #11678 | 15 Across | 2024-03-15 flower

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