Article: Hollywood film festival readies for gala launch. (First Annual Hollywood Film Festival in California)

Move over Cannes, Hollywood finally has its own film festival, complete with movies stars, glossy premieres, dinner parties, an awards show and perhaps some old-fashioned wheeling and dealing.

Starting Tuesday, Gene Hackman, Jeff Goldblum, Hector Elizondo, Diane Ladd, Harry Hamlin, Sean Young, Treat Williams, Dyan Cannon, Christopher Lloyd and James Brolin will be among those participating in the First Annual Hollywood Film Festival.

The festival will screen 40 new films, including 12 world premieres.

"We are trying to bridge the gap between Hollywood professionals and the emerging independent filmmakers," said Carlos de Abreu, a producer who founded ...

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