Now that the dust has settled on longtime strongman Viktor Orbán’s landslide electoral defeat last month, Hungarian industry figures are charting a course for what one leading producer describes as a “new day” after 16 years of Orbán’s authoritarian rule.

The election-day shocker set off waves of jubilation across the Hungarian film community, with Oscar-winning “Son of Saul” filmmaker László Nemes, competing for the Palme d’Or this week with the French-language WWII biopic “Moulin,” telling Variety that his country was “thrilled to wake up from this nightmare.”

Now the work begins.…