Movie studio Miramax on Tuesday has filed a lawsuit in opposition to Hollywood director Quentin Tarantino for his plan to promote the non-fungible tokens (NFTs) primarily based on his 1994 groundbreaking movie Pulp Fiction.
As per the experiences from Variety, the Academy Award-winning director, earlier this month, introduced his plan to promote scenes from the early handwritten script of the movie Pulp Fiction as NFTs at a current crypto-art conference in New York. Notably, these scenes usually are not current within the closing model of the movie. The director has partnered with SCRT Labs to public sale seven tokens primarily based on the movie. These NFTs can even embody the audio commentary from Tarantino and Pulp Fiction artwork.
Miramax information case in opposition to Quentin Tarantino
The studio filed a criticism within the Los Angeles’ District Court that it has despatched a cease-and-desist letter to the ace filmmaker after studying about his plans to promote NFTs, however this has not stopped Tarantino and his crew from going forward with the public sale plan. As per the lawsuit, Miramax nonetheless owns the rights to the critically acclaimed 1994 movie.
“Tarantino’s has pressured Miramax to deliver this lawsuit in opposition to a valued collaborator as a way to implement, protect, and defend its contractual and mental property rights referring to Miramax’s most iconic and priceless properties,” the corporate wrote in its lawsuit.
The studio additionally confirmed concern that if that is left unchecked, Tarantino’s conduct might mislead into believing that Miramax is concerned in his enterprise. Miramax additionally mentioned that it might additionally mislead others into believing that they’ve developed rights to pursue comparable offers or choices when the studio holds the wanted rights to develop, market and promote NFTs referring to its large library.
As per the lawsuit, the movie director’s lawyer has informed the movie studio that Tarantino holds the rights to publish Pulp Fiction’s screenplay within the Miramax contract and he’s exercising his rights by way of NFT sale. To which Miramax argued that these NFTs are one time gross sales and usually are not equal to the publication of a screenplay and therefore, the studio owns the rights. According to the lawsuit, this can be a breach of contract, copyright infringement, trademark infringement and unfair competitors. NFTs have change into a preferred commodity in not simply Hollywood however for artists world wide as these tokens present a brand new option to monetise and promote their work.
(With inputs from ANI)
This article was first revealed in www.republicworld.com