HOLLYWOOD, Calif., Nov. 14, 2016 /PRNewswire/ -- 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 will take place on December 1, 2016 at the Los Angeles Film School and is the first of its kind connecting Hollywood and China. China has become the world's second largest box office, and it's expected to surpass the U.S. by as early as 2018. At the same time, the country is also expanding its investments in entertainment and deepening its business ties with Hollywood and the American film market. Production houses and tech giants are increasingly looking to build a comprehensive business chain by crossover-collaboration, linking content and channels together. "It's an exciting time in our industry, 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," said Diana Derycz-Kessler, president and CEO of The Los Angeles Film School. 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 will create a platform for industry experts, entrepreneurs, and venture capitalists to come together for potential projects and innovative collaborations. Entertainment-industry professionals, executives from entertainment and technology companies, entrepreneurs and investors will gather 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 will address the present and future of entertainment technology in the U.S. and China and will include keynotes from leading experts in technology and entertainment. Some of this year's speakers include Zvi Greenstein, general manger of NVIDIA, Adam Presser, vice president of international at Warner Bros. Entertainment, Max Epstein, vice president of content strategy at DMG Entertainment, Bennett Pozil, executive vice president of East West Bank, Houston Howard, professor at The Los Angeles Film School and many others. Burbank City Mayor Jess Talamante, and Consul General of the People's Republic of China in Los Angeles Jian Liu will also address the attendees at the opening ceremony. Additionally as part of HETF, over 200 preselected start-ups will compete to win thousands of dollars in equity investments. Each participating start-up will have the chance to pitch judges and investors from China and the U.S. live on stage. The top three winners will receive $100k, $50k, and $30k of equity share investment following the competition. "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. 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," said Kelly Zhang, chief operating officer of Hanhai Studio. HETF is supported by Beijing Huairou District Government, Bay Area Council, Hanhai International, China Canada Innovation Park, Beijing Film Academy Film and Cultural Creative Park, Xinhua Mobile Television, Tsinghua University Planning and Design Institute for Creative Industries, and HH&E Venture.