These hard-to-understand tokens are giving one director some very real problems.
Miramax has filed a suit against movie director Quentin Tarantino for his plan to auction off “Pulp Fiction”-based non-fungible tokens (NFTs).
The film distribution company claims in a lawsuit that Tarantino has plans to sell a set of tokens that feature iconic scenes from the 1994 film in violation of the studio’s rights.
In papers obtained by The Post, Miramax claims it was not made aware of Tarantino’s NFT auction plans and only found out per a third party, at which point it sent a cease-and-desist letter to the 58-year-old Tennessee native. The letter claimed Miramax owned the rights to virtually all of “Pulp Fiction’s” media-related rights, including NFTs.
In response, Tarantino not only continued on with his NFT plan but began aggressively promoting the controversial NFTs on social media, according to TMZ.
Miramax is now seeking not only money from Tarantino but also an end to his NFT auction.
“ ‘Pulp Fiction’ is one of the many beloved, award-winning, culturally iconic films in the Miramax library – with its brilliant storytelling and unique characters who still resonate with audiences more than 25 years later, so it was profoundly disappointing to learn of this deliberate, premeditated, short-term money grab by the Tarantino team to unilaterally circumvent Miramax’s rights to ‘Pulp Fiction’ though the illicit development, promotion, and distribution of NFTs,” begins a statement by Miramax’s legal representation, Proskauer Rose LLP partner Bart Williams, that was sent to The Post. “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.”
The statement goes on to note that Miramax is exploring NFT partnerships on its own and that in 1993 Tarantino signed away nearly all of his “Pulp Fiction” rights to the company.
“Left unchecked, Tarantino’s conduct could mislead other Miramax collaborators into believing they have the rights to pursue similar deals, when in fact Miramax holds the rights needed to develop, market and sell NFTs relating to its deep film library,” the statement added.