File Photo: Quentin Tarantino arrives at the GQ Men Of The Year Awards 2021 in London, England on September 1, 2021. (REUTERS/Henry Nicholls)
Quentin Tarantino and Miramax LLC have settled a copyright lawsuit over non-fungible tokens in the director’s Pulp Fiction, court records show.
The Oscar-winning director and Los Angeles-based Miramax plans to file dismissal papers in the next two weeks, according to documents filed Thursday in federal court in California.
In a joint statement, Tarantino and Miramax said they were putting the matter on the back burner and looking forward to future collaborations, including a possible NFT project.
The lawsuit is one of the first intellectual property disputes over popular digital assets known as NFTs.
Miramax, which distributed the groundbreaking 1994 film, sued Tarantino in November 2021 after blockchain provider Secret Network announced it would sell several tokens of “uncut scenes from Pulp Fiction.” rice field.
Miramax said in its lawsuit that it retains all rights to “Pulp Fiction” except for certain reserved for Tarantino.The studio said it did not cover NFT. The studio has asked the court to block the sale.
Tarantino said in its June filing https://www.reuters.com/legal/litigation/tarantino-tells-court-miramax-has-no-right-block-pulp-fiction-nfts-2022-06-22/ , NFT is based solely on his script and is protected by another copyright, so this lawsuit should be dismissed.
The NFT contains a handwritten Pulp Fiction script and Tarantino’s comments, according to the filing. The first of seven tokens he sold for $1.1 million in January, according to Secret Network.
Secret Network canceled the remaining auctions a few days later, citing “extreme market volatility”.
