Skip to main content

Miramax film studio sues Quentin Tarantino over “Pulp Fiction” NFT



Word has got around in the film industry that there is a lot of money to be made with NFT. Studios and filmmakers forge lucrative plans and there is the first legal dispute: Miramax is suing Tarantino.

The film industry also wants to benefit from the billion-dollar business around NFT. Digital collectibles from various cult films such as the "James Bond" series are already on the market. Quentin Tarantino now also wants to get into the business and sell NFT of “Pulp Fiction” - the 1994 film that made him a star director.  

Seven exclusive scenes including bonus material such as the original script and an audio commentary by Quentin Tarantino are to go on the market. Such NFTs should be worth a lot. However, Tarantino is now putting a line through the extremely lucrative bill at Miramax - the film studio that brought out “Pulp Fiction” under its founder Harvey Weinstein. Because the studio is now suing the director.  

Miramax had its own NFT plans 

In addition to the allegation of copyright and trademark infringement, the indictment also mentions unfair competition. Because Miramax had its own plans to sell its most famous films to NFT.  

The studio is now complaining that Quentin Tarantino did not consult it before announcing his NFT plans at a New York crypto-art fair over the weekend. Miramax would still hold all rights to "Pulp Fiction".  

"This group ruthlessly, greedily and deliberately ignored the agreement Quentin signed," Miramax's attorney Bart Williams said Tuesday in a statement  quoted by The Wrap. "Going it alone takes away the value of the NFT rights in 'Pulp Fiction', while Miramax seeks to maximize it with a strategic and comprehensive approach." 

“Miramax is wrong”: Quentin Tarantino wants to keep selling his NFT 

There is still no legal reaction to Quentin Tarantino's complaint. However, through his lawyer Bryan Freedman, he let it be known that he apparently does not want to be dissuaded from his plan. "Miramax is wrong - it's simple," Freedman told The Wrap. "Quentin Tarantino's contract is clear: he has the right to sell NFT, and this pathetic attempt to prevent him from doing so will fail." 

The website on which Quentin Tarantino posted information about his “Pulp Fiction” NFT is still online. Potential buyers can then register their serious interest in the NFT.  

Particularly exclusive: Quentin Tarantino sells Secret-NFT for "Pulp Fiction"  

Quentin Tarantino wants to sell seven so-called Secret NFTs based on the Secret Network Blockchain for “Pulp Fiction”. In this blockchain, information about transactions or ownership - e.g. from NFT - is encrypted and not publicly visible. This means that with this type of non-fungible token, neither the buyers nor the content of the NFT itself are publicly accessible.   

Whether the NFT owners share the secret scenes and bonus material with others or keep them to themselves is up to them. That should also affect the value of this particular NFT. So Miramax is likely to be wrong in claiming that Quentin Tarantino would lower their value.  


My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more