Quentin Tarantino’s plan to jump into the NFT craze has hit a hurdle as Miramax is suing the director over his plans to release a „Pulp Fiction“ series.<\/b>
\nQuentin Tarantino\u2019s plan to jump into the NFT craze has hit a speed bump as Miramax is suing the director over his plans to release a line of NFTs based on his famous 1994 film \u201cPulp Fiction.\u201d The line of seven non-fungible tokens (NFTs) was announced by Tarantino and blockchain company Secret Network earlier this month and includes uncut and unreleased scenes from \u201cPulp Fiction.\u201d But those that buy the NFTs will also receive exclusive access to extras, including commentary from Tarantino and images of the handwritten first draft of the film\u2019s screenplay. But Miramax, which released \u201cPulp Fiction\u201d and is planning to release its own NFTs based on its film library, alleges that Tarantino does not hold the rights to release the NFT line and that his team expanded plans for the line after a cease-and-desist letter was sent. \u201cPulp Fiction is one of the many beloved, award-winning, culturally iconic films in the Miramax library \u2013 with its brilliant storytelling and unique characters who still resonate with audiences more than twenty-five years later, so it was profoundly disappointing to learn of this deliberate, pre-meditated, short-term money grab by the Tarantino team to unilaterally circumvent Miramax\u2019s rights to Pulp Fiction though the illicit development, promotion, and distribution of NFTs,\u201d read a statement from Proskauer Rose LLP partner Bart Williams, who is representing Miramax. \u201cThis 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,\u201d Williams continued. \u201cThis one-off effort devalues the NFT rights to Pulp Fiction, which Miramax intends to maximize through a strategic, comprehensive approach.\u201d Legal reps for Tarantino did not immediately respond to requests for comment. According to a copy of the Miramax lawsuit obtained by TheWrap, Tarantino\u2019s attorney responded to the cease-and-desist letter by arguing that Tarantino was acting within his \u201creserved rights\u201d to develop certain products based on \u201cPulp Fiction.\u201d According to the original contract, this includes \u201cprint publication (including, without limitation, screenplay publication, \u2018making of\u2019 books, comic books and novelization, in audio and electronic formats as well, as applicable).\u201d Miramax\u2019s lawyers argue that NFTs are not applicable under Tarantino\u2019s reserved rights do not contain any forward language, while Miramax\u2019s rights concerning \u201cPulp Fiction\u201d cover \u201call media now or hereafter known.\u201d \u201cMiramax will defend all of its rights in regard to its library, including rights relating to NFTs, and will not allow Quentin\u2019s representatives to deceive others into believing they have the authority to make similar deals in violation of the rights agreements they signed,\u201d Williams said. Pamela Chelin contributed to this report.<\/p>\n