Quentin Tarantino, 58, announced that he will auction NFTs (non-fungible token) of the film Pulp Fiction (1994) and is being sued by the Miramax studio, according to the website TMZ.
TMZ claims that Tarantino, the film’s director, would not have agreed with the studio, which claims to be the production rights holder. The filmmaker intends to auction a total of seven digital tokens with iconic and previously unseen scenes. The lawsuit, obtained by the website, says the studio was “ignored” and was never notified of Quentin’s plans.
Miramax contacted the filmmaker as soon as they learned the news, asking him not to hold the auction, but he got no response. Even so, Tarantino continued promoting the auction and ended up receiving a lawsuit from the studio, which brought him to justice, and is seeking a financial installment, asking the judge to stop the sales.
according to The Hollywood Reporter, a statement published by Miramax about the case says it wants to “preserve and protect its contractual and intellectual property rights relating to one of Miramax’s most iconic and valuable film properties.” Tarantino’s lawyer countered on the website, stating that he “uses his reserved rights” in a contract, mainly on the script and interactive media.
NFTs, according to the lawyer, did not exist in the 1990s and filmmakers and studios did not think about this issue in contractual terms. NTF is currently a kind of digital certificate which uses the same technology as cryptocurrencies. The token buyer has a unique record of the digital piece, which can be art, publication or even scenes from Tarantino’s production.