Miramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans
The Miramax and Quentin Tarantino partnership has been incredibly successful over the years. It wasn’t logical for it to end over NFTs. Instead of fighting over scraps, the longtime partners decided to work together on future digital ventures. The two parties are once again on the same page, and the Pulp Fiction NFTs saga might’ve gotten a new chapter. A production company like Miramax needs a director like Tarantino and vice versa. Do they need The Secret Network, though? It’s unclear what will happen to the original Pulp Fiction NFTs that Tarantino produced in conjunction with The Secret....
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The film production company behind Pulp Fiction called Quentin Tarantino’s plans to make NFTs based on the film a “deliberate, premeditated, short-term money grab.” Production company Miramax has filed a lawsuit accusing director Quentin Tarantino of copyright infringement for selling NFTs derived from his blockbuster 1994 film, Pulp Fiction. On Nov. 2, Tarantino announced he would be tokenizing seven uncut screenplay scenes for the critically-acclaimed film as nonfungible tokens in December 2021. The NFTs will be built on the Secret Network, a layer one blockchain. Each of the tokens....
Quentin Tarantino, the acclaimed film director, is being sued by Miramax, a Hollywood film producer and distributing company, due to the auction of a series of NFTs related to “Pulp Fiction,” one of the director’s most popular films. The conflict lies in the interpretation that Miramax makes from the initial contract between the parts, arguing that the sale of NFTs does not constitute a publication of any part of the script.
Miramax Sues Quentin Tarantino
Miramax, the Hollywood movie company, sued Quentin Tarantino, the acclaimed film director, for the....
Miramax sued the Hollywood director in November last year after the blockchain provider Secret Network announced the auction of his "uncut screenplay scenes." Miramax sued the director in November last year after the base-layer blockchain provider Secret Network announced the auction of "uncut screenplay scenes" from the 1994 film as NFTs. The film studio claimed to own all rights to "Pulp Fiction," except for those reserved for Tarantino, which excluded nonfungible tokens. The company was developing its own NFT strategy at the time. In a statement, the studio's attorney Bart Williams....
In two days, the auction of the first Pulp Fiction NFT will take place. A historical moment for the nascent industry, one that will set precedent for years to come. When Quentin Tarantino and the Secret Network announced a partnership aimed at releasing NFTs from the classic ’90s film, the world listened. Unfortunately for them, so did Miramax. The studio still holds the right to Pulp Fiction, so they sent a cease and desist letter. Related Reading | Upside Potential in NFTs is Massive Says Gary Vaynerchuk The caveat here is that “the unique value proposition from The Secret....
Major players in traditional entertainment are engaging with NFTs. This week, famed director and writer Quentin Tarantino joins the ranks with an announcement of exclusive ‘Pulp Fiction’ NFTs. The NFTs are expected to be composed of never-before-seen footage from the hit film, released on The Secret Network blockchain. However, unlike most NFTs that have hit […]