Controversial director Quentin Tarantino's recent attempt to jump on the NFT bandwagon has been thwarted by the entertainment studio Miramax.
Miramax, established by disreputable producer Harvey Weinstein but now owned by ViacomCBS, produced and distributed "Pulp Fiction" in 1993 and 1994; in 1993 Tarantino signed away nearly all of his “Pulp Fiction” rights to the company, except for specific ones reserved for the director, including rights in its soundtrack, potential spinoffs or sequels and related print publications.
They have filed a suit against the director for his intention to auction off “Pulp Fiction”-based non-fungible tokens (NFTs), which were meant to feature iconic scenes from the film, claiming that this is in violation of the studio’s rights.
After finding out via a third-party, they swiftly sent the director a cease-and-desist, which was met by Tarantino with even more aggressive promotion of the controversial NFTs on his social media.
Miramax is now seeking not only money from Tarantino but also an end to his NFT auction.
The New York Post published a statement from Miramax’s legal representation, Proskauer Rose LLP partner Bart Williams.
“ ‘Pulp Fiction’ is one of the many beloved, award-winning, culturally iconic films in the Miramax library – with its brilliant storytelling and unique characters who still resonate with audiences more than 25 years later, so it was profoundly disappointing to learn of this deliberate, premeditated, short-term money grab by the Tarantino team to unilaterally circumvent Miramax’s rights to ‘Pulp Fiction’ though the illicit development, promotion, and distribution of NFTs. 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.”