{"id":501912,"date":"2022-09-11T22:43:03","date_gmt":"2022-09-11T22:43:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=501912"},"modified":"2024-06-11T14:26:02","modified_gmt":"2024-06-11T14:26:02","slug":"miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/","title":{"rendered":"Miramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans"},"content":{"rendered":"

The Miramax and Quentin Tarantino partnership has been incredibly successful over the years. It wasn\u2019t logical for it to end over NFTs. Instead of fighting over scraps, the longtime partners decided to work together on future digital ventures. The two parties are once again on the same page, and the Pulp Fiction NFTs saga might\u2019ve gotten a new chapter. A production company like Miramax needs a director like Tarantino and vice versa. Do they need The Secret Network, though?<\/span><\/p>\n

Related Reading: Blue Chip NFTs 101 \u2013 Azuki, A New Kind Of Brand For The Future\u2026 And A Scandal<\/a><\/div>\n

It\u2019s 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 \u201cextreme market volatility.\u201d The move was suspicious, but the reasons for it were not immediately obvious. Did the Miramax lawyers scare them off? Or was it because the entity that bought that first NFT had tight affiliations to The Secret Network? Did the collection fail to attract the necessary attention? Were the buyers scared of future legal action by Miramax?<\/span><\/p>\n

So far, The Secret Network\u2019s <\/span>official channels<\/span><\/a> remain silent on the matter. And they recycled what used to be the Pulp Fiction NFTs\u2019 Twitter account and <\/span>gave it to a whole different project<\/span><\/a>. Plus, <\/span>the collection\u2019s website<\/span><\/a> seems to be dead as well. So, The Secret Network might be out of the Miramax and Tarantino deal.<\/span><\/p>\n

What Do We Know About The Miramax And Tarantino Deal?<\/span><\/h2>\n

We don\u2019t 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 \u201cMiramax\u2019s lawyers filed a brief statement in court,\u201d and it was a joint statement by both entities. According <\/span>to Variety<\/span><\/a>, it said:<\/span><\/p>\n

\u201cThe 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.\u201d<\/span><\/p><\/blockquote>\n

Short and to the point.<\/span><\/p>\n

Mira<\/span>max\u2019s news page<\/span><\/a> didn\u2019t mention the matter either.\u00a0<\/span><\/p>\n

\"SCRTUSD<\/p>\n

SCRT price chart for 09\/11\/2022 on Kraken | Source: SCRT\/USD on TradingView.com<\/a><\/pre>\n
What\u2019s The Pulp Fiction NFTs\u2019 Story?<\/span><\/h2>\n
In <\/span>NewsBTC\u2019s initial report<\/span><\/a> on the matter, we explained the rights issue:<\/span><\/p>\n
\u201cOn the one hand, Miramax was \u201cPulp Fiction\u2019s\u201d\u00a0 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.\u201d<\/span><\/p><\/blockquote>\n
And the situation\u2019s caveat was that under The Secret Network\u2019s system, the NFT holder is the only person that can see what\u2019s inside the file. That means, Miramax sued without knowing what the NFTs\u2019 content was. Tarantino and The Secret Network were determined to go ahead with the auction, and they <\/span>heavily changed the NFTs content<\/span><\/a> to be compliant. NewsBTC reported:<\/span><\/p>\n
\u201cThe 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. The content of the NFTs also changed, now <\/span>The Secret Network describes them<\/span><\/a> as:\u00a0<\/span><\/p>\n
\u201cIn 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.\u201d<\/span><\/p><\/blockquote>\n
Related Reading:  Blue Chip NFTs 101 \u2013 With Mint Impending, Is y00ts A Blue Chip Lock?<\/a><\/div>\n
The initial <\/span>ending was anticlimactic<\/span><\/a>. The company\u2019s press release said, \u201cIn light of extreme market volatility, we\u2019ve decided to postpone the remainder of the auction to put the needs of our community first.\u201d NewsBTC asked:\u00a0<\/span><\/p>\n
\u201cWhy did they do that? Nobody knows for sure. But the cover story is terrible, volatility? Really? Miramax didn\u2019t take credit for the kill. And the Secret Network did not admit to low interest in the series or to technical difficulties. They just shut down the whole operation.\u201d<\/span><\/p><\/blockquote>\n
And that was the story\u2026 until Tarantino and Miramax inked a deal to keep exploring the digital realm together.<\/span><\/p>\n
Featured Image: Pulp Fiction in icons from Miramax's site<\/a> | Charts by TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
The Miramax and Quentin Tarantino partnership has been incredibly successful over the years. It wasn\u2019t logical for it to end over NFTs. Instead of fighting over scraps, the longtime partners decided to work together on future digital ventures. The two parties are once again on the same page, and the Pulp Fiction NFTs saga might\u2019ve gotten a new chapter. A production company like Miramax needs a director like Tarantino and vice versa. Do they need The Secret Network, though? Related Reading: Blue Chip NFTs 101 \u2013 Azuki, A New Kind Of Brand For The Future\u2026 And A Scandal It\u2019s 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 \u201cextreme market volatility.\u201d The move was suspicious, but the reasons for it were not immediately obvious. Did the Miramax lawyers scare them off? Or was it because the entity that bought that first NFT had tight affiliations to The Secret Network? Did the collection fail to attract the necessary attention? Were the buyers scared of future legal action by Miramax? So far, The Secret Network\u2019s official channels remain silent on the matter. And they recycled what used to be the Pulp Fiction NFTs\u2019 Twitter account and gave it to a whole different project. Plus, the collection\u2019s website seems to be dead as well. So, The Secret Network might be out of the Miramax and Tarantino deal. What Do We Know About The Miramax And Tarantino Deal? We don\u2019t 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 \u201cMiramax\u2019s lawyers filed a brief statement in court,\u201d and it was a joint statement by both entities. According to Variety, it said: \u201cThe 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.\u201d Short and to the point. Miramax\u2019s news page didn\u2019t mention the matter either.\u00a0 SCRT price chart for 09\/11\/2022 on Kraken | Source: SCRT\/USD on TradingView.com What\u2019s The Pulp Fiction NFTs\u2019 Story? In NewsBTC\u2019s initial report on the matter, we explained the rights issue: \u201cOn the one hand, Miramax was \u201cPulp Fiction\u2019s\u201d\u00a0 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.\u201d And the situation\u2019s caveat was that under The Secret Network\u2019s system, the NFT holder is the only person that can see what\u2019s inside the file. That means, Miramax sued without knowing what the NFTs\u2019 content was. Tarantino and The Secret Network were determined to go ahead with the auction, and they heavily changed the NFTs content to be compliant. NewsBTC reported: \u201cThe 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. The content of the NFTs also changed, now The Secret Network describes them as:\u00a0 \u201cIn 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.\u201d Related Reading: Blue Chip NFTs 101 \u2013 With Mint Impending, Is y00ts A Blue Chip Lock? The initial ending was anticlimactic. The company\u2019s press release said, \u201cIn light of extreme market volatility, we\u2019ve decided to postpone the remainder of the auction to put the needs of our community first.\u201d NewsBTC asked:\u00a0 \u201cWhy did they do that? Nobody knows for sure. But the cover story is terrible, volatility? Really? Miramax didn\u2019t take credit for the kill. And the Secret Network did not admit to low interest in the series or to technical difficulties. They just shut down the whole operation.\u201d And that was the story\u2026 until Tarantino and Miramax inked a deal to keep exploring the digital realm together. Featured Image: Pulp Fiction in icons from Miramax’s site | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":501913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876,3,83565,85601],"tags":[86830,84711,86833,84709,84718,85192,85186,86832,85188,86834,86831,84710,84712],"class_list":["post-501912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","category-news","category-nft","category-nft-market","tag-86830","tag-miramax","tag-nft-intrigue","tag-pulp-fiction","tag-pulp-fiction-nfts","tag-pulp-fiction-script","tag-quentin-tarantino","tag-resolution","tag-scrt","tag-scrtusd","tag-settled-suits","tag-tarantino","tag-the-secret-network"],"acf":[],"yoast_head":"\nMiramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans<\/title>\n<meta name=\"description\" content=\"The Miramax and Quentin Tarantino partnership has been incredibly successful over the years. 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Instead of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-11T22:43:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:26:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/PulpIconos.jpg?fit=1131%2C422\" \/>\n\t<meta property=\"og:image:width\" content=\"1131\" \/>\n\t<meta property=\"og:image:height\" content=\"422\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eduardo Pr\u00f3spero\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@edprospero23\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eduardo Pr\u00f3spero\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/\"},\"author\":{\"name\":\"Eduardo Pr\u00f3spero\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b\"},\"headline\":\"Miramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans\",\"datePublished\":\"2022-09-11T22:43:03+00:00\",\"dateModified\":\"2024-06-11T14:26:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/\"},\"wordCount\":710,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/PulpIconos.jpg?fit=1131%2C422\",\"keywords\":[\"1994\",\"Miramax\",\"NFT intrigue\",\"Pulp Fiction\",\"Pulp Fiction NFTs\",\"Pulp Fiction script\",\"Quentin Tarantino\",\"Resolution\",\"SCRT\",\"SCRTUSD\",\"Settled Suits\",\"Tarantino\",\"The Secret Network\"],\"articleSection\":[\"Altcoin\",\"Cryptocurrency Market News\",\"NFT\",\"NFT market\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/\",\"url\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/\",\"name\":\"Miramax & Tarantino Settle Suit Over The Pulp Fiction NFTs, Hint At Future Plans\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/nft\/miramax-tarantino-settle-suit-over-the-pulp-fiction-nfts-hint-at-future-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/PulpIconos.jpg?fit=1131%2C422\",\"datePublished\":\"2022-09-11T22:43:03+00:00\",\"dateModified\":\"2024-06-11T14:26:02+00:00\",\"description\":\"The Miramax and Quentin Tarantino partnership has been incredibly successful over the years. 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