The first Hollywood Entertainment Technology Festival was held Thursday, focusing on innovation.

The festival gathered over 30 entertainment and technology companies and venture funds representatives together with film and entertainment related teachers and students.

The festival was jointly hosted by Hanhai Studio, a Burbank-based Chinese invested company, and the Los Angeles Film School.

"Hollywood has many high-tech ways of story-telling, and I believe, to combine the good technologies with Chinese 5,000 years of culture and history, there will come out some good stories," Wang Hanguang, CEO of Hanhai Studio, told Xinhua.

"It's an exciting time in our industry," said Diana Derycz-Kessler, president and CEO of The Los Angeles Film School.

"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," she said. Endi

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