Andy Vajna who had worked on several "Rambo" movies with Sylvester Stallone, "Total Recall" with Arnold Schwarzenegger and Madonna's "Evita", passed away on Sunday.
Vajna, who produced many other films, breathed his last on Sunday at his Budapest home after a long illness, said Hungary's National Film Fund.
Schwarzenegger remembered Vajna as "a dear friend and a revolutionary force in Hollywood."
"He proved that you don't need studios to make huge movies," Schwarzenegger posted on Twitter. "He had a huge heart, and he was one of the most generous guys around. I'll miss him."
"We are bidding farewell to the greatest Hungarian film producer", posted Hungarian Prime Minister Viktor Orban on his Facebook page. "Hasta la vista, Andy! Thank you for everything, my friend!", he said.