Pulp Fiction, NFT and Copyright in Digital Art

Pulp Fiction, NFT and Copyright in Digital Art

Miramax and Quentin Tarantino decided it was really more exciting when you don’t have permissionas Mia Wallace said in “Pulp Fiction”.

The director and his former studio did settled the lawsuit via his “Pulp Fiction” NFT collection, which featured unreleased scenes and script images along with a director’s commentary. Miramax sued Tarantino in November 2021. The studio argued that not only did Tarantino not own the rights to his film, but his efforts would interfere with Miramax’s own NFT plans.

Much has been made of the feud, and some believed the lawsuit could help shape how Entertainment Law is handled by Web3. Tarantino claimed that “Pulp Fiction” gave Miramax the success it has today. First drop sold for 1.1 million dollarsbut market volatility led to the six remaining scheduled drops cancelled.

Despite harsh words in the media—Miramax called the project greedy and the filmmaker called the studio callous—the parties reached an agreement. In a joint statement, Tarantino and Miramax said they may co-create NFT in the future.

Miramax isn’t the only entertainment company looking to turn its old work into NFTs—National Lampoon recently announced that it will explore its filmography for crypto content. The entire NFT movie and television trending is a whole different beast, and celebrities face a separate one legal issues with NFT recommendations.

The water is still murky when it comes to intellectual property rights and NFTs. Here are some ongoing lawsuits related to trademark, copyright and intellectual property law in the digital realm.

Nike and StockX

In February 2022, online sneaker retailer StockX released an NFT series based on Nike sneakers. Athletic brand filed a lawsuit in response to a claim that StockX infringed its trademarks by selling unauthorized NFTs featuring Nike shoes. StockX’s tokens, Nike claims, contain digital versions of Nike sneakers at prices above the actual price of the shoes – diluting the Nike brand and making StockX customers question Nike’s legitimacy. He later threw in Nike false accusations, stating that they were able to purchase four fake shoes from StockX. Reseller denies these allegations and insists that NFTs help authenticate the shoe.

It’s worth noting that Nike released its own virtual sneaker line in April. And trademark infringement is common sneaker industrysuch as Nike sue MSCHF due to their use of the Nike Air Max 97 in Lil Nas X “Satan Shoes”. This case only brings him to the virtual plane.

Lil Yachty and Opulous

Lil Yachty filed a lawsuit against NFT vendor Opulous in January. The rapper claimed the company was using his likeness to raise money, infringing his trademark rights over his work. It’s a bit of a he-said, she-said situation: Lil Yachty said initial talks about his involvement in the project were non-existent, while Opulous insists he gave the go-ahead. Opulous failed to win the lawsuit dismissed based on jurisdiction after arguing that the California-based lawsuit did not cover the Singapore-based company or the Georgia rapper, failed.

Yuga Labs and Ryder Ripps

The creative minds behind Bored Ape Yacht Club, which took NFT worldby stormare sue artist Ryder Ripps over his “copycat” NFT collection based on their paintings. Yuga Labs claims its work confuses consumers and devalues ​​its art. Like the BAYCs the value dropsRipps claims his work is the “appropriation art” it’s meant to be criticize “a company built on racist and neo-Nazi dog whistles.” How this lawsuit plays out could shape NFT IP laws—area which has not yet solidified in Web3. –Christine Snyder

Today’s newsletter is sponsored by Fenwick, one of the world’s leading law firms focused on technology and life sciences, including leading gaming, digital media, entertainment, blockchain and NFT practices. Attorneys in Fenwick’s Santa Monica office and nationwide represent more than 1,000 major Los Angeles-based startups, established companies and venture capitalists in corporate, intellectual property, litigation, regulatory and tax matters.

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