Miramax Lawsuit against Quentin Tarantino over Pulp Fiction NFTs
September 11, 2022 7:58 PM
Miramax filed suit against the Hollywood director in November, exactly 12 months after blockchain company Secret Network first offered the public sale of his "uncut screenplay scenes."
In November of 2018, base-layer blockchain provider Secret Network announced it would auction "uncut script scenes" from the 1994 film as NFTs, prompting Miramax to file suit against the director. It was determined that non-fungible tokens could not be used because the studio claimed ownership of all Pulp Fiction rights (except those reserved for Tarantino).
The business at the time was working on its own NFT strategy. Legal counsel for the studio, Bart Williams, issued the following statement: "This one-off effort devalues the NFT rights to "Pulp Fiction," which Miramax intends to maximize through a strategic, comprehensive approach."
According to Secret Network's original press release announcing the auction, Tarantino "exclusively owns the rights to publish his Pulp Fiction screenplay and the original, handwritten copy has managed to stay a personal creative gem he has kept private for decades." In January, the auction brought in $1.1 million, but further NFT sales were called off because of the disagreement.
Other successful films by Tarantino and Miramax include Kill Bill: Volumes 1 and 2. Since its release in 1994, "Pulp Fiction" has earned $213 million around the world and $107.93 million in the United States.
After months of litigation, it appears that Hollywood director Quentin Tarantino and producer Miramax have settled a lawsuit over unacceptable tokens (NFTs) related to the blockbuster film Pulp Fiction. Reports state that the studio intends to drop the suit against the director within the next two weeks and continue working with him in the future, including on NFT projects.