Preferring independence Vajna left UCLA to set up his own photo studio, but that venture soon came to end when he broke his leg in a ski accident and business could not operate for 9 months.

Vajna moved to Hong Kong where he established his own wig manufacturing company, called Gilda Fashion.

During that same year, Vajna and Kassar made their film production debut with Rambo: First Blood, starring Sylvester Stallone.

Vajna was executive producer with Mario Kassar on such films such as Alan Parker's Angel Heart, and Rambo III.

Other projects include Music Box, Mountains of the Moon, Total Recall, Air America, Narrow Margin and Jacob's Ladder.

Vajna's strategy was to develop long-term relationships with certain talent and produce a steady supply of two to four event motion pictures per year.

Another Cinergi release was Alan Parker’s adaptation of Andrew Lloyd Webber and Tim Rice’s rock opera Evita starring Madonna and Antonio Banderas in 1996.

Nominated for five Academy Awards, the film was also a commercial success, grossing $141 million worldwide and winning Golden Globes for Best Picture, Best Actress and Best Original Song.

[citation needed] He had a major role in many films being shot in Budapest, such as Evita, Escape to Victory and Red Heat.

In 1989 Vajna founded InterCom that has become a market-leader and a distributor of many Hollywood studios, including 20th Century Fox, Warner Bros., Sony Pictures, Disney and MGM.

[5] Their first return venture into big budget Hollywood was I Spy (2002), starring Eddie Murphy and Owen Wilson, which was shot in Budapest.

In 2005 Vajna was, together with Quentin Tarantino and Lucy Liu, the executive producer of a feature-length documentary called Freedom's Fury, created by Colin Keith Gray and Megan Raney Aarons, which showed his renewed interest in the story of the 1956 Hungarian Revolution.

The film called The Children of Glory, which showed the Hungarian Revolution of 1956, was Hungary's most successful movie in 2006 having been viewed by more than half a million people.

[8] In 2015, TV2 won nearly a fifth of state advertising spending, four times more than its nearest rival, according to the independent Hungarian watchdog Mérték Media Monitor.