Pulp Fiction NFT Lawsuit Thrown Out
Legendary director Quentin Tarantino has been in and out of lawsuits for the past year since he started dabbling in NFTs that used portions of his screenplay as the token. The collection caused a variety of problems with executives in Hollywood who argued that the tokens violated copyright laws.
Now, the lawsuit is being thrown out which was being disputed by Tarantino and his lawyers because both parties have concluded that the NFTs have little value and are not worth fighting over.
NFT copyright lawsuit
The lawsuit in question was a dispute between Quentin Tarantino and Miramax, the production company behind many of Tarantino's earliest films, over the production of NFTs that contain fragments of the original screenplay.
Miramax filed the lawsuit in late 2021 because they believed that Tarantino was using rights to the film that they possessed and that he had no authority to release such products, however, Tarantino stated that he still owned the publishing rights to the screenplay and was free to do whatever he wanted with NFTs that involved the original script.
Why the case was dropped
In the end, the case was dropped in September because both parties felt that the dispute was fruitless. Over the summer prices for crypto and NFTs have dropped significantly which has caused many people that were curious about blockchain-based products to turn away from web3.
Both parties believe that, because of the current state of NFTs, pursuing the lawsuit any further would only result in spending more money for both parties on legal fees with no real reward in sight.
What is Hollywood’s opinion on NFTs?
There is some good news to all of this, however. In the end, while Miramax and Tarantino both agreed that the lawsuit was frivolous and detrimental to both parties, they are still reportedly open to working together on future NFTs with each other in an effort to produce a more meaningful token.
This type of response, where they are leaving the door open to future collaborations, is important because it acknowledges that many people may have jumped the gun on NFTs in 2021 with the plethora of collections that were created.
Many celebrities and businesses tried to get into the web3 space and we met with heavy criticism for creating NFTs that felt like cheap gimmicks and marketing tricks to have fans purchase useless tokens, but now that so much has been learned about NFTs and how they should be used companies are taking a more patient approach which leaves the door open for interesting creations in the future.
Other celebrities working with NFTs
Quentin Tarantino isn’t the only Hollywood star with an interest in NFTs either. Other celebrities such as Seth Green and Forest Whitaker are making large leaps into web3 with their own projects.
In fact, many people in the entertainment industry are curious about the prospects of NFTs used for entertainment. Snoop Dogg and Eminem are two prominent rappers that have been quick to show off their Bored Apes at various times, using them to rep a brand that’s opening doors to new forms of marketing.
