Hollywood Entertainment Technology Festival

Hollywood, Calif. (December 1, 2016) Hanhai Studios—a creative production and technology incubator—and The Los Angeles Film School have joined forces to host the first Hollywood Entertainment Technology Festival (HETF).  The event took place on December 1, 2016 at the Los Angeles Film School and is the first of its kind connecting Hollywood and China.

Change calls for innovation, and innovation drives progress. In recent years, the Chinese entertainment market has been growing rapidly.  Many investors from China are willing to invest in Hollywood movies, and many filmmakers want to do co-productions.  Both China and the U.S. have been actively pressing ahead with multi-lateral international cooperation in different fields, and building an enabling innovation cooperation network.  

 With these considerations in mind, Hanhai Studio and the Los Angeles Film School decided to jointly host the first Hollywood Entertainment Technology Festival. HETF is one of the first international events attempting to connect China and the U.S., with the core concept of introducing today’s latest entertainment technology and highlighting the benefits of cross-border investment. Closely focusing on the theme of “Creativity without Boundary,” HETF created a platform for industry experts, entrepreneurs, and venture capitalists to come together for potential projects and ground-breaking collaborations.

“It’s an exciting time in our industry,” said Diana Derycz-Kessler, president and CEO of The Los Angeles Film School, “and we are proud to be working with Hanhai Studios to bring this innovative event to our campus and the greater Los Angeles community. The ties between Hollywood and China are expected to grow in the future, and the Los Angeles Film School is looking forward to future cross-cultural collaborations. Being a part of this international business movement will benefit our students both here and abroad.”

 

Over 30 entertainment and technology companies and venture funds gathered for three panels followed by a VIP cocktail party to discuss the latest industry trends and advancements. This year’s panels include:

·      “Global Innovation and Co-Production of Entertainment Technology”

·       “Technology and Transmedia in Hollywood Today”

·       “U.S.-China Cross-Border Entrepreneurship and Investment”

Each panel addressed the present and future of entertainment technology in the U.S. and China and included keynotes from leading experts in technology and entertainment. Some of this year’s speakers include Zvi Greenstein, general manager of NVIDIA; Max Epstein, vice president of content strategy at DMG Entertainment; Michael Tsang, regional general manager of Alibaba Cloud; Houston Howard, professor at The Los Angeles Film School, and many others.

Additionally as part of HETF, an HH&E Startup Competition was held in the afternoon. Over 200 start-ups participated in the initial stages of the competition. Renowned investment companies and incubators such as Eagles Fund, Zuma Ventures, Blue Angeles Investment Community, Idealab and Amino Capital join the competition as judges. 10 finalists from Los Angeles, Silicon Valley, Boston, Vancouver, Beijing and Shenzhen pitched to judges and investors from China and the U.S. live on stage to win hundreds of thousands of dollars in equity investment. Danish startup company Rokoko Smartsuit Pro won the first prize. AR/VR social platform CLEVR and Lumin.ai won the second prize. Titanium Falcon won the third prize.

 

In addition, Hanhai International and Enjoyor Incubator will host the Strategic Co-operation Launch Ceremony together during HETF.  Hanhai International and Enjoyor Incubator intend to collaborate deeply, hand-in-hand, to start a global innovative and entrepreneurial accelerating network based on vertical industry and giving wings to help small and medium-sized companies to realize their international dreams and take off through the profound practice of “incubation + investment + cross-border acceleration” in a comprehensive system.  Hanhai International and Enjoyor Incubator would also boost Chinese and foreign enterprises with a zero-distance partnership in technology, capital and marketing, building a new global collaboration in a win-win era.

HETF is co-organized by HH&E Venture, Beijing Film Academy Film and Cultural Creative Park, Alibaba Cloud and other US-China companies. It is supported by the Beijing Huairou District Government, Bay Area Council and the Beijing State-Owned Cultural Assets Management Office.

Hanhai Studio, the Los Angeles Introduction platform for the China (Huairou) Film and Television Production Demonstration Area, is accelerating the process of globalization of Chinese films through close connections with Hollywood. There are more than 400 companies located in the Huairou Film Base, including Bona Film Group, the China Film Corporate Digital Production Base, and Guanghua Film Center.  Over 2000 movies have been filmed there, such as Monster Hunt, The Founding of a Republic, Mojin: The Lost Legend, Great Wall and Crouching Tiger, Hidden Dragon: Sword of Destiny.  Hanhai Studio’s collaboration with Huairou District will promote the communication between the Chinese film industry and Hollywood, introducing Chinese films to the world.

In the cocktail party, Deputy Consul-General of China in Los Angeles Lei Wang and Chairman of US Chinese Education Foundation Wen Shao gave speeches. Hanguang Wang then performed calligraphy.

 

“Hanhai Studios has held hundreds of events, incubated over 20 start-up companies and developed channels with Hollywood studios, film schools, independent production companies and individuals to connect with China,” said Kelly Zhang, chief operating officer of Hanhai Studio. “The Hollywood Entertainment Technology Festival is an incredible next step in our overall mission to bring China and Hollywood closer together, and we’re honored to be hosting it with The Los Angeles Film School, a well-known staple in the entertainment industry.”

 

 

 

·       Xinhua News Agency

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·       XinhuaNet

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·       China Daily

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·       World Journal

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·       21CN

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·       Kaixian.tv

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