Miramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans

Quentin Tarantino’s Miramax partnership has proven to be a huge success over the years. It wasn’t logical for it to end over NFTs. The two parties are once again on the same page, and the Pulp Fiction NFTs saga might’ve gotten a new chapter. The long-standing partners decided not to fight over scraps but instead worked together in future digital ventures. Miramax is a production company that needs Tarantino as a director and vice versa. But do they really need The Secret Network?

It’s unclear what will happen to the original Pulp Fiction NFTs that Tarantino produced in conjunction with The Secret Network. After selling the first one for over $1M, the company stopped on its tracks and canceled future auctions citing “extreme market volatility.” The move was suspicious, but the reasons for it were not immediately obvious. The Miramax lawyers scared them. Was it that the first NFT was bought by an entity with close ties to The Secret Network. Was the collection not able to draw the attention it deserved? Miramax was the fear of buyers?

So far, The Secret Network’s official channelsThey remained silent about the issue. And they recycled what used to be the Pulp Fiction NFTs’ Twitter account and gave it to a whole different project. Plus, the collection’s websiteIt seems that the Secret Network is also dead. The Secret Network may have walked away from the Miramax/Tarantino deal.

What do we know about the Miramax and Tarantino Deals?

We don’t know much about who won in the negotiations or what exactly happened between Miramax and Tarantino. The only thing we know for sure is that “Miramax’s lawyers filed a brief statement in court,” and it was a joint statement by both entities. According VarietyAccording to it,

“The parties have settled this case and expect to file their dismissal papers within two weeks. The parties have agreed to put this matter behind them and look forward to collaborating with each other on future projects, including possible NFTs.”

It’s short and straight to the point.

Miramax’s news page didn’t mention the matter either. 

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What’s The Pulp Fiction NFTs’ Story?

NewsBTC’s initial reportWe discussed the rights issues in the case:

“On the one hand, Miramax was “Pulp Fiction’s”  production company and still holds the rights to the 1994 masterpiece. On the other, Tarantino preserved the right to publish the screenplay, and the NFTs are based on that historical artifact.”

And the situation’s caveat was that under The Secret Network’s system, the NFT holder is the only person that can see what’s inside the file. That means, Miramax sued without knowing the NFTs’ content. Tarantino, The Secret Network and others were determined to continue with the auction. NFTs have been heavily modifiedCompliant. NewsBTC reported:

“The people involved in the sale fazed out all images related to Pulp Fiction and replaced them with just text or high contrast images of Quentin Tarantino himself. Also, the content of NFTs has changed. These are the ones described by The Secret Network as: 

“In collaboration with SCRT Labs, Tarantino has turned chapters from this historic document into a one-of-a-kind NFT publication. Each NFT in the collection consists of a single iconic scene, as well as personalized audio commentary by Tarantino himself.”

The first Ending was not what you expected. The company’s press release said, “In light of extreme market volatility, we’ve decided to postpone the remainder of the auction to put the needs of our community first.” NewsBTC asked: 

“Why did they do that? We don’t know for certain. The cover story, however, is about volatility. Really? Miramax didn’t take credit for the kill. Secret Network also denied that they had low interest in this series, or faced technical difficulties. They just shut down the whole operation.”

And that was the story… until Tarantino and Miramax inked a deal to keep exploring the digital realm together.

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