In a productive end to an ongoing legal battle over the release of ‘Pulp Fiction’-themed NFTs, acclaimed director Quentin Tarantino and film studio Miramax have agreed to settle their case.
“The parties have settled this case and expect to file their dismissal papers within two weeks,” according to court filings released on Friday.
The legal saga began in November last year when American film studio Miramax, which first distributed “Pulp Fiction” in 1994, filed a lawsuit against Tarantino and the crypto startup Secret Labs for planning to mint a series of Pulp Fiction NFTs.
Secret Labs are the developers behind the Secret Network (SCRT), a privacy-oriented blockchain network that prioritises anonymity and security.
Court documents detailed that Miramax pursued its own NFT strategy at the same time and argued that Tarantino’s efforts would interfere. Additionally, Miramax lawyers alleged that Tarantino and SCRT did not have the rights to create NFTs around the film and that the pair conspired to keep their NFT plans secret from the film studio.
Tarantino’s lawyers defended the filmmaker by claiming his original distribution agreement with Miramax included “reserved rights” for him to reproduce parts of the script. Tarantino’s side argued that creating a series of NFTs was merely a modern extension of those rights.
Regardless of the legal shenanigans, Tarantino went ahead with the first of seven planned NFT auctions, with the first NFT selling for a whopping $1.1 million. A SCRT-based DAO, known as AnonsDAO, confirmed they were responsible for the purchase.
The remaining six auctions were cancelled, with the Mint Lab Legendao citing “extreme market volatility”.
Following Miramax’s recent dismissal, Tarantino and Miramax said in a joint statement that they have now put the matter behind them and look forward to future artistic collaboration, including on potential NFT projects.