Quentin Tarantino is sued by Miramax over the sale of NFT’s "Pulp Fiction"

Miramax is suing Quentin Tarantino over his recently announced plan to sell seven non-fungible tokens (NFTs) from the very famous “Pulp Fiction” movie. According to a document filed with the Central California District Court, Miramax, which produced the 1994 film, is suing Quentin Tarantino for breach of contract and violation of copyright and trademark rights. The Wall Street Journal was the first to report this information.

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Quentin Tarantino, who directed the film, was “eager to capitalize on the boom in non-fungible tokens,” Miramax said in its lawsuit. On November 2, Quentin Tarantino announced that he would be auctioning seven “secret” non-fungible tokens of never-before-seen footage on the OpenSea marketplace. In response, Miramax sent a letter of formal notice to the famous director, claiming he reserved almost all rights to the project, according to the document.

Quentin Tarantino then said that his reserved rights were sufficient to allow him to produce the digital assets.

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“The fact that Tarantino kept Miramax away is particularly problematic as it granted and ceded almost all of its rights to Pulp Fiction (and all of its elements at all stages of development and production) to Miramax in 1993. , including the necessary rights to the ‘Pulp Fiction secrets’ that it intends to sell, ”the document said.

Insider could not immediately reach Quentin Tarantino for comment. Variety reports that its representative declined to comment on the matter.

The blockchain-related digital art market for NFTs has exploded this year, with nearly $ 11 billion in sales in the third quarter alone. Celebrities, athletes and artists have joined this momentum, creating their own NFTs to sell on marketplaces like OpenSea in exchange for cryptocurrency.

Version originale : Natasha Dailey/Insider

Read also – NFTs are boosting the contemporary art market

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