Hollywood's Andy Vajna leads Hungary film industry

Hollywood film producer Andy Vajna has been named head of Hungary's Motion Picture Public Foundation, in an effort to improve box office success.

Budapest-born Vajna, whose credits as executive producer include the "Rambo" series and some of the "Terminator" movies, said Monday he looking forward to a "new era in Hungarian film-making."

The foundation has 2 billion forints ($11.2 million, €7.6 million) to help finance about four local productions this year, while up to 10 Hungarian films could be subsidized annually from 2012.

Vajna's appointment has been criticized by Hungarian filmmakers who fear the concentration of too much power in the hands of a single person.