Quentin Tarantino sued over NFT ‘Pulp Fiction’ plan E! News UK
Press office (AFP)
Los Angeles, United States ●
Thursday, November 18, 2021
Quentin Tarantino is sued by Miramax Studios over plans to sell digital rights to parts of a cult hit pulp Fiction in the form of NFT.
The visionary director is auctioning off the script pages for seven scenes that didn’t make the 1994 film’s final cut, along with audio commentary, he said this month.
But Miramax, who produced the film, said Tarantino was overriding and encroaching on his own NFT sales plans, so he’s suing him for breach of contract.
According to the lawsuit filed Tuesday in Los Angeles, seen by AFP, Miramax wrote to Tarantino asking him to abandon his NFT plans, claiming to hold all the rights to the script of pulp Fiction, including sections that did not make the final cut.
He declined, saying he owns the rights to the film’s script in written form.
“Tarantino’s conduct forced Miramax to take this legal action against a valued employee in order to uphold, preserve and protect their contractual and intellectual property rights relating to one of Miramax’s most iconic and valuable cinematic properties. “the company wrote in its lawsuit.
“Left unchecked, Tarantino’s conduct could mislead others into believing Miramax is involved in his business.
“And it could also mislead others into believing that they have the right to pursue similar offers or offers, when in fact Miramax has the necessary rights to develop, market and sell NFTs related to its. in-depth movie library. “
Miramax was founded in 1979 by the now disgraced tycoon Harvey Weinstein and his brother Robert. It is now owned by BeIN Media and Viacom CBS.
NFTs or non-fungible tokens are unique digital objects that confer ownership.
Although their contents can be copied, the NFT is “the original”, in the same way that there are countless prints of Leonardo da Vinci’s “Mona Lisa”, but only the Louvre has the original. .
High net worth investors and collectors have been clamoring in recent months to get involved in the latest digital craze, which relies on the same blockchain technology that powers cryptocurrencies and cannot be tampered with or manipulated.
Recent auctions have seen tantalizing sums paid for NFTs, including $ 69.3 million for a digital work by artist Beeple in a sale at Christie’s.