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Film studio Miramax is suing director Quentin Tarantino over his plans to release a collection of non-fungible tokens (NFTs) based on his movie Pulp Fiction.
Tarantino wrote and directed the 1994 blockbuster, and has previously revealed plans to release seven NFTs based on the film.
It is said to include scenes in the script that never made it to screen, as well as art and commentaries about the film.
NFTs are a digital collectible that exist on blockchains, and are often a way for people to own original versions of a particular piece of content.
Tarantino’s NFTs will feature public content for people to see, as well as private elements for the owner.
However, Miramax, the studio which produced the film, does not appear to be on board with Tarantino’s plan, and has begun taking legal action against the director, saying it had been negotiating its own NFT partnerships based on its back catalogue.
In the lawsuit, seen by the Hollywood Reporter, Miramax said: “Tarantino’s conduct has forced Miramax to bring this lawsuit against a valued collaborator in order to enforce, preserve, and protect its contractual and intellectual property rights relating to one of Miramax’s most iconic and valuable film properties.
“Left unchecked, Tarantino’s conduct could mislead others into believing Miramax is involved in his venture. And it could also mislead others into believing they have the rights to pursue similar deals or offerings, when in fact Miramax holds the rights needed to develop, market, and sell NFTs relating to its deep film library.”
The relationship between the pair is complex thought, with Miramax and Tarantino splitting the rights to certain elements of the film, with the latter retaining the rights to the “soundtrack album, music publishing, live performance, print publication… interactive media, theatrical and…
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Source : skynews
