Quentin Tarantino is suing for an upcoming auction of pulp fiction NFTS-
Quentin Tarantino is suing for an upcoming auction of pulp fiction NFTS-
Quentin Tarantino, the celebrated film director, is sued by Miramax, a Hollywood film producer and sales company, because of the auction of a series of NFTS in connection with "Pulp Fiction", one of the most popular films by the director. The conflict lies in the interpretation, which makes Miramax from the original contract between the parts, and argues that the sale of NFTS is not published by a part of the script.
Miramax sues Quentin Tarantino
Miramax, the Hollywood film company, sues Quentin Tarantino, the celebrated film director, for the upcoming auction of a series of NFTS on the subject of pulp fiction. Tarantino announced to auction a number of objects of the film in the form of NFTS, including the famous handwritten script scene "Royale with Cheese". The auction would use a blockchain called Secret Network, which would make it possible to keep the content of these NFTs secret until the article is sold.
Miramax confirms that Tarantino has the rights to each printed publication of the script, but are not part of it. The lawsuit says:
The intended sale of some original script pages or scenes as a NFT is a one -time transaction that is not a publication and, in any case, does not fall in the sense of "printing" or "screenplay publication".
The lawsuit further explains that the right to sell NFTS is property of Miramax and is controlled by it.
Tarantino defends itself
Bryan Freedman, Tarantinos lawyer, challenged The validity of Miramax's claims, which said that the director had the right to "sell nfts of his handwritten script for pulp fiction, and this lazy attempt to prevent him from failing". Williams also emphasized that the unveiling of the details of the Miramax contract with Tarantino would affect the company's reputation. This means that Tarantino plans to combat these allegations in court.
This is one of the first top-class cases in which NFTS and Hollywood productions go to court. Many other and have already published and published nft drops, which followed the beginning of this year. Use to open up new and alternative sources of income. In this sense, Miramax lawyer Bart Williams explained that the announcement of Tarantino watered down the value of the intellectual property of pulp fiction.
Williams explained:
This one-off effort devalues the NFT rights to "Pulp Fiction", which Miramax wants to maximize through a strategic, comprehensive approach.
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