Miramax sued the director in November of last year when Secret Network, a base-layer blockchain operator, announced the auction of “uncut script scenes” from the 1994 film as NFTs. The studio claimed ownership of all rights to “Pulp Fiction,” with the exception of those reserved for Tarantino, which excluded nonfungible tokens.
At the time, the corporation was creating its own NFT strategy. “This one-time attempt devalues the NFT rights to “Pulp Fiction,” which Miramax wants to monetize through a smart, comprehensive approach,” the studio’s counsel Bart Williams wrote in a statement.
According to the auction’s initial press announcement, Tarantino owned “exclusive rights to publish his Pulp Fiction script, and the original, handwritten copy has remained a personal creative treasure he has kept private for decades.” The auction raised $1.1 million in January, but subsequent NFT sales were canceled due to the issue.
Tarantino and Miramax have previously collaborated on successful projects such as “Kill Bill: Volumes 1 and 2.” In the years since its premiere in 1994, “Pulp Fiction” has grossed $107.93 million in the United States and $213 million internationally.
Following a months-long court struggle, Hollywood director Quentin Tarantino and producer Miramax appear to have settled their case over nonfungible tokens (NFTs) tied to the blockbuster film Pulp Fiction. The film studio apparently intends to withdraw its case within two weeks and work with the filmmaker on future projects, including NFTs.