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

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more