In 2002 Hegedus formed Soul Vision Films Pty Ltd. According to him, the company's philosophy is to produce and direct films which provide insight into the human condition. Under this company he produced "Inheritance, a Fisherman’s Story", a Hungarian-Australian co-production based around the ecological disaster in Hungary in 2000. The film was shortlisted for the 2004 Academy Awards and won an additional seven awards around the world.