MUMBAI: Pacificor LLC, the California-based hedge fund, has won the rights to the science-fiction action movie franchise "Terminator" from Halcyon Holding Group in a bankruptcy auction.

In the auction, according to Reuters, Pacificor LLC presented Halcyon Holding Group with $29.5 million for the rights and an additional $5 million for every new Terminator movie made. The deal currently requires court approval.

Pacificor, based in Santa Barbara, won the auction against a joint offer made by the movie studios Lionsgate and Sony Pictures.

Meanwhile, as per industry experts, Pacificor may now sell the movie to Sony and Lions Gate.