Last November, Miramax sued the Hollywood director after the blockchain provider Secret Network announced the auction of his “uncut screenplay scenes’ ‘ from the 1994 film as NFTs.Except for those reserved for Tarantino, which excluded non fungible tokens.
At that time the company created its NFT strategy. In a statement, the studio’s attorney Bart Williams wrote: “This one-off effort devalues the NFT rights to “Pulp Fiction,” which Miramax intends to maximize through a strategic, comprehensive approach.”
“The original monopoly and manuscript and manuscript is the treasure it has stored for decades,” Tarantino said in the main news of the auction. The auction attracted 1.1 million people in January, but later canceled due to discussion.
On the auction’s original press release, Secret Network demanded that Tarantino owned “exclusive rights to publish his Pulp Fiction screenplay and the original, handwritten copy has remained a personal creative treasure he has kept private for decades.” The auction raised $1.1 million in January but was later canceled due to the dispute.
Tarantino and Miramax have partnered in other successful productions, including “Kill Bill: Volumes 1 and 2”. “Pulp Fiction” grossed $107.93 million in the United States and $213 million internationally in the years since its release in 1994.
Hollywood director Quentin Tarantino and producer Miramax seem to have settled their lawsuit over nonfungible tokens (NFTs) associated with the blockbuster film Pulp Fiction following a months-long legal battle. The movie studio plans to withdraw its lawsuit within two weeks and work in partnership with the filmmaker in the future, as well as on NFTs projects.
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