Miramax and Quentin Tarantino reach a resolution over NFT lawsuit for Pulp Fiction
After the base-layer blockchain service provider Secret Network announced the auction of “uncut script scenes” from the 1994 movie as NFTs, Miramax sued the director in November of last year.
The movie company asserted ownership of all “Pulp Fiction” rights, with the exception of those reserved for Tarantino, which did not include nonfungible tokens.
At the time, the business was creating its own NFT approach. “This one-off endeavor devalues the NFT rights to “Pulp Fiction,” which Miramax wants to exploit through a smart, comprehensive strategy,” the studio’s lawyer Bart Williams stated in a statement.
The original press release for the auction stated that Tarantino had “exclusive rights to publish his Pulp Fiction screenplay and the original, handwritten copy has remained a personal creative treasure he has kept private for decades.”
The January auction brought in $1.1 million, but the subsequent dispute led to the cancellation of additional NFT sales.
Kill Bill: Volumes 1 and 2 is one of the successful projects Tarantino and Miramax have collaborated on. In the years after its debut in 1994, “Pulp Fiction” ended up earning $107.93 million in the United States and $213 million internationally.
Following a protracted legal dispute, it appears that Hollywood director Quentin Tarantino and producer Miramax have reached a resolution over nonfungible tokens (NFTs) associated with the blockbuster movie Pulp Fiction.
According to reports, the film company intends to drop its legal action within two weeks and work with the director going forward, including on NFTs projects.
