New lot isn't prepared for Hollywood (10)
I believe the answer is:
tinseltown
'hollywood' is the definition.
(I've seen this before)
'new lot isn't prepared' is the wordplay.
'prepared' is an anagram indicator.
'new'+'lot'+'isnt'='newlotisnt'
'newlotisnt' is an anagram of 'TINSELTOWN'.
'for' is the link.
(Other definitions for tinseltown that I've seen before include "movie industry" , "part of LA" , "Name for Hollywood" .)