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The Miramax film studio behind the cult film Pulp Fiction is suing film director Quentin Tarantino for its planned sale of the NFT from this groundbreaking 1994 film.
Earlier this month, the two-time Oscar-winning director and screenwriter announced that he was selling the NFT’s seven original scenes from the film starring John Travolta and Samuel L. Jackson.
NFT (non fungible token) or nifties, which is simply a kind of proof of the uniqueness of the ownership of the original, such as a work of art, uses blockchain technology. The author of the work can thus receive a share of the price through the NFT at each subsequent resale. Pulp Fiction’s NFT will feature excerpts from the original, handwritten screenplay for the film, as well as the director’s exclusive commentary.
Miramax filed a complaint in Los Angeles on Tuesday alleging that the director had infringed “intellectual property rights relating to one of Miramax’s most famous and valuable film icons” by offering to sell the NFT.
“After Miramax learned of Tarantino’s plan, the studio sent him a letter calling for a halt to the sale, describing in great detail Tarantino’s disregard for Miramax’s ‘Pulp Fiction’ rights,” the lawsuit said. “Tarantino wrongly claims that its certain reserved rights are sufficient and refuses to comply with Miramax’s requests to cancel the sale of NFT Pulp Fiction.”
The lawsuit alleged that Tarantino Miramax had concealed the sale of Pulp Fiction NFT, which is “particularly problematic” because the director “acknowledged and granted almost all of his rights to Pulp Fiction Miramax in 1993.
The lawsuit also claims that Tarantino’s conduct regarding the sale could also “mislead others into believing that they have the right to make similar deals or offers when in fact Miramax owns the rights necessary to develop, market and sell the NFT regarding its best offer. movies. “
“This group has chosen to ruthlessly, greedily and deliberately ignore the agreement Quentin signed, instead of following a clear legal and ethical approach to simply communicating with Miramax about his proposed ideas,” Bart Williams, Miramax’s lawyer, told CNN Business.
Tarantino’s representatives have not yet responded to CNN Business’s request for a comment.
TN.cz
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