LOS ANGELES: The first Hollywood Entertainment Technology Festival was held on 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,” Hanhai Studio CEO Wang Hanguang said. “It’s an exciting time in our industry,” The Los Angeles Film School CEO & President Diana Derycz-Kessler said. “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. The Los Angeles Film School is a for-profit college offering associate and bachelor’s degrees in majors relating to the entertainment industry. The school is located in Los Angeles, California and encompasses the Los Angeles Recording School. The school is accredited by the Accrediting Commission of Career Schools & Colleges and the California Bureau for Private Postsecondary Education.