The film studio Miramax is suing director Quentin Tarantino over plans to release NFTs based on his 1994 film PulpFiction
“Tarantino’s conduct has forced Miramax to bring this lawsuit against a valued collaborator in order to enforce, preserve, and protect its contractual and intellectual property rights relating to one of Miramax’s most iconic and valuable film properties,” the company wrote in its lawsuit. “Left unchecked, Tarantino’s conduct could mislead others into believing Miramax is involved in his venture.
The “Tarantino NFT Collection” is being launched in partnership with SCRT Labs and the Secret Network, which are trying to create a new type of NFT with “secret” content embedded within it. TheNFTs would have a publicly viewable portion as well as content only visible to the owner.
In response to the cease-and-desist letter from Miramax, Tarantino’s attorney argued that the director was acting within his “Reserved Rights,” specifically the right to “screenplay publication.” Ultimately, figuring out the limits on those reserved rights will be critical, as NFTs were not something studios or filmmakers were thinking about in the early ’90s.
“This group chose to recklessly, greedily, and intentionally disregard the agreement that Quentin signed instead of following the clear legal and ethical approach of simply communicating with Miramax about his proposed ideas. This one-off effort devalues the NFT rights to, which Miramax intends to maximize through a strategic, comprehensive approach,” said Proskauer Rose LLP partner Bart Williams, who is representing Miramax, in a statement to.
NFTs have become a hot commodity in Hollywood, with stars and studios all vying for a piece of the pie. ViacomCBS, which is Miramax’s controlling shareholder, recently
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