What strategies can be implemented to revive business and attract foreign investment in Hollywood's film industry?

President-elect Donald Trump is hoping to make Hollywood “stronger than ever before” by naming Sylvester Stallone, Mel Gibson and Jon Voight as “special ambassadors,” whose goal will be to bring back business lost to “foreign countries.”

Here is my viewpoint and knowledge on reviving Hollywood's reputation and enticing foreign investors.

To attract foreign investors and revitalize Hollywood's film industry, a strategic approach is essential, focusing on profitability, creativity, and collaboration. Key strategies include:

1. **Incentives and Benefits**: Promote tax credits and provide comprehensive information on investment opportunities.

2. **Co-Production Agreements**: Encourage joint ventures with other countries to facilitate capital flow and share resources.

3. **Market Global Reach**: Highlight Hollywood's established distribution networks and successful international films.

4. **Film Festivals and Conferences**: Organize events to foster networking between local filmmakers and international investors.

5. **Investment Environment**: Streamline regulations and ensure protections for foreign investors.

6. **Diversity in Storytelling**: Promote inclusive narratives and culturally relevant projects appealing to a global audience.

7. **Digital Outreach**: Utilize online platforms for showcasing projects and hosting virtual pitch events.

8. **Government Partnerships**: Collaborate with government and industry to enhance foreign investment initiatives.

9. **Media and PR**: Launch international marketing campaigns and highlight success stories to build credibility.

10. **Sustainability**: Emphasize environmentally-friendly practices and innovative production technologies.

ʙʏ ꜰᴏᴄᴜꜱɪɴɢ ᴏɴ ᴛʜᴇꜱᴇ ꜱᴛʀᴀᴛᴇɢɪᴇꜱ, ʜᴏʟʟʏᴡᴏᴏᴅ ᴄᴀɴ ᴄʀᴇᴀᴛᴇ ᴀɴ ɪɴᴠɪᴛɪɴɢ ᴀɴᴅ ᴅʏɴᴀᴍɪᴄ ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ ꜰᴏʀ ꜰᴏʀᴇɪɢɴ ɪɴᴠᴇꜱᴛᴍᴇɴᴛ, ʜᴇʟᴘɪɴɢ ᴛᴏ ʀᴇᴊᴜᴠᴇɴᴀᴛᴇ ᴛʜᴇ ꜰɪʟᴍ ɪɴᴅᴜꜱᴛʀʏ. Jane Carillo Chua