Date: 18th November 2021
Miramax is suing Tarantino over his "Pulp Fiction" NFT scheme. It sent him a cease-and-desist letter, but he didn't comply, and now the studio is bringing a lawsuit against him. However, the case isn't as cut-and-dry as it might seem.
The Bill Block run company took its one time Golden boy to court over the seven "exclusive scenes" from the 1994 picture that he said he plans to put in the digital art market.
NFTs, or non-fungible tokens, allow someone to purchase a digital asset and retain ownership of it even as it's reproduced. It's like having the original version of a famous painting in your collection while other prints or copies of it float around out there.
Quentin Tarantino's attorney, Bryan Freedman, has issued the following statement on Miramax's lawsuit against him: "Miramax is wrong - plain and simple. Quentin Tarantino's contract is clear: he has the right to sell NFTs of his hand-written script for Pulp Fiction and this ham-fisted attempt to prevent him from doing so will fail. But Miramax's callous decision to disclose confidential information about its filmmakers' contracts and compensation will irreparably tarnish its reputation long after this case is dismissed."
The Oscar winner announced his foray into the digital art world at the NFT.NYC conference this month. No date has been laid down for the auctions, but we do know that Tarantino’s NFTs are set to be seven scanned digital copies of his handwritten original scripts with audio commentary. However, one cease-and-desist letter later, the company that Harvey Weinstein co-founded is looking for statutory damages and declaratory and injunctive relief in a jury trial.
Source: Press Release