Miramax Sues Quentin Tarantino Over “Pulp Fiction” NFTs. Tarantino Moves Forward
17 Novembre 2021 - 08:49AM
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This is going to be interesting. Miramax sent a cease and desist
letter to Quentin Tarantino and his team regarding the “Pulp
Fiction” NFTs they’re looking to sell. Tarantino responded that he
had the right to do so and kept on promoting them. Miramax sued.
Just a month ago, the company was wishing Tarantino a happy
birthday, and now here we are. And the show is just getting
started. Related Reading | Bleeple’s “Human One,” A Sculpture + NFT
Hybrid, Sold For $28.9M At Christie’s On the one hand, Miramax was
“Pulp Fiction’s” production company and still holds the
rights to the 1994 masterpiece. On the other, Tarantino preserved
the right to publish the screenplay, and the NFTs are based on that
historical artifact. However, Miramax argues that since an NFT
exchanges hands with a single sale, it doesn’t count as publishing.
And that’s only the tip of the iceberg. Let’s explore the
case further. The original handwritten ‘Royale with Cheese’ scene
will soon be on sale. Alongside the screenplay, the NFT includes a
recording of Quentin Tarantino, revealing new details only
available on @SecretNetwork. If you'd like this 1-of-1 please fill
this form: https://t.co/geYd0rWtaS pic.twitter.com/jfHd845MBs —
Tarantino NFTs (@TarantinoNFTs) November 15, 2021 The Unique
Characteristics Of Tarantino ’s “Pulp Fiction” NFTs When The Secret
Network announced that Quentin Tarantino was the first artist they
were working with, our sister site Bitcoinist reacted. They quickly
reported on the “unique value proposition” of the company in
general and the “Pulp Fiction” NFTs in particular. “Tarantino’s NFT
release will be the first of its kind for the blockchain. Seven
unique NFTs will come to market, featuring original ‘Pulp Fiction’
handwritten scripts and exclusive audio commentary from Tarantino
himself. The Secret Network is a Layer 1 privacy blockchain created
by SCRT Labs. The unique value proposition from The Secret Network
lies in the name; the NFTs will be “secret” and only accessible by
the NFTs owner.” Just that fact makes the lawsuit endlessly
interesting. Only the person that buys the NFT can see what’s
inside, so Miramax has no clue about the kind of content they’re
suing for. They just know they own the rights to the picture and
the discarded material, but, besides the reports and the marketing
material, they’re as in the dark as the rest of us about the actual
content. On the day of the announcement, The Secret Network
released a statement that quotes the director himself. “I’m excited
to be presenting these exclusive scenes from PULP FICTION to fans.”
Tarantino says. “Secret Network and Secret NFTs provide a whole new
world of connecting fans and artists and I’m thrilled to be a part
of that.” Tarantino’s words suggest simpler times. We’re nowhere
near that stage anymore. SCRT price chart on Binance | Source:
SCRT/USD on TradingView.com What Does Miramax’s Lawsuit Say? The
60-page long suit is already available online. This extract
summarizes Miramax’s position: “The fact that Tarantino kept
Miramax out of the loop is particularly problematic because he
granted and assigned nearly all of his rights to Pulp Fiction (and
all its elements in all stages of development and production) to
Miramax in 1993, including the rights necessary for the “secrets
from Pulp Fiction” that he intends to sell. Tarantino’s limited
“Reserved Rights” under the operative agreements are far too narrow
for him to unilaterally produce, market, and sell the Pulp Fiction
NFTs.” Furthermore, Bart Williams, Miramax attorney, was much
harsher in a recent statement quoted by Variety: “This group chose
to recklessly, greedily, and intentionally disregard the agreement
that Quentin signed instead of following the clear legal and
ethical approach of simply communicating with Miramax about his
proposed ideas,” Williams said. “This one-off effort devalues the
NFT rights to ‘Pulp Fiction,’ which Miramax intends to maximize
through a strategic, comprehensive approach.” NFTs are meant to
empower creators, connecting them directly with their audiences and
communities. Secret NFTs on @SecretNetwork take this potential a
step further.Now some in the media world want to take a massive
step back. We stand with creators. https://t.co/Jq1STRuI45 —
Tarantino NFTs (@TarantinoNFTs) November 16, 2021 Who is Williams
referring to when he says “this group”? Probably The Secret
Network, who responded via Twitter. “NFTs are meant to empower
creators, connecting them directly with their audiences and
communities,” they said. “Now some in the media world want to take
a massive step back. We stand with creators.” Related Reading |
Christie’s Will Auction Original Art From Gary Vee‘s Veefriends NFT
Collection That’s cute, but, does The Secret Network and Tarantino
have the legal right to sell those “Pulp Fiction” NFTs? We would
have to see the content to determine that. Which we can’t do. And
neither does Miramax. To close this off, here’s a video of
Tarantino learning about NFTs for the first time: #nft is just
started… this 👇🏻 pic.twitter.com/FbW5FxgWE8 — Michiel Sintenie
(@MSintenie) November 13, 2021 Featured Image: Screenshot from this
tweet's video | Charts by TradingView
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