Quentin Tarantino settles lawsuit over ‘Pulp Fiction’ NFTs.

Quentin Tarantino and Miramax have reportedly buried the hatchet in their dispute over NFT auction excerpts of Pulp Fiction. The quiet resolution brings to an end a legal skirmish that could have had profound implications for deciding who gets paid for NFTs based on movies if it had gone to trial. The settlement also comes amid a brutal cryptocurrency downturn that nearly killed the once seemingly unstoppable NFT hype train.

The conflict started last November when Miramax defendant the director over a NFT collection he created based on his 1994 film. Each NFT in the collection consisted of media related to his original scripts for particular iconic scenes in the film. Although Tarantino retains the rights to the script, Miramax argued that the NFTs fell under a new category of technology that they can still potentially make money. Want one cut sued the company Tarantino for allegedly infringing the company’s copyright and trademark.

“Tarantino’s limited ‘reserved rights’ under the operating agreements are far too narrow for him to unilaterally manufacture, market and sell the Pulp Fiction NFTs, says Miramax. lawyer wrote in trial.

Miramax took particular issue with Tarantino’s alleged secrecy when creating the project. The case claims.

“Tarantino kept his Pulp Fiction NFT plans a secret from Miramax, his longtime financier and collaborator on several critically and commercially successful films,” the lawsuit states. “He made no effort to contact Miramax prior to the coordinator’s press campaign.“

Despite the lawsuit, Tarantino went ahead with one of the seven planned auctions that allegedly brought in $1.1 million. Not long after, however, the remaining six collections were canceled with Tarantino’s partners cites “extreme market volatility.”

That volatility has gotten much, much worse since then. In July, the leading NFT marketplace OpenSea saw sales volume plunges by 75% compared to just two months before, following DappRadar data seen by Bloomberg. The price floor of the once mega-popular Bored Ape yacht Club NFT collection reportedly dropped by around 33% around the same time.

Now, nearly a year later, Tarantino and Miramax are finally ending their feud, according to new legal documents.

“The parties have agreed to put this matter behind them and look forward to working with each other on future projects, including possible NFTs,” Miramax and Tarantino said in a joint statement seen by Deadline.

hmm, “funtimely projects.“I wonder what they will be.