By Andrew Dalton, Entertainment Writer
LOS ANGELES (AP) --Quentin Tarantino's attorney said Wednesday that he has every right to create and sell a series of "Pulp Fiction" NFTs.
The statement from lawyer Bryan Freedman comes a day after entertainment company Miramax filed a lawsuit over the director's plans to create and auction off a series of NFTs based on his scripts for "Pulp Fiction."
"Miramax is wrong – plain and simple. Quentin Tarantino's contract is clear: he has the right to sell NFTs of his hand-written script for Pulp Fiction and this ham-fisted attempt to prevent him from doing so will fail," Freedman said.
The suit from Miramax alleges that Tarantino's planned offerings violate the copyrights it holds to the director's 1994 film.
Tarantino recently announced plans to sell seven NFTs, or non-fungible tokens, which are digital works rendered unique and attached to a specific owner through cryptocurrency technology.
They consist of scanned digital copies of handwritten script pages for uncut versions of scenes from the film, with audio commentary.
Freedman also slammed Miramax for including details and pages from its contract with Tarantino.
"Miramax's callous decision to disclose confidential information about its filmmakers' contracts and compensation will irreparably tarnish its reputation long after this case is dismissed," Freedman said.
Top Olympic sponsor Panasonic is ending its contract with the IOC
TOKYO (AP)--Olympic sponsor Panasonic is terminating its contract with the IOC at the end of the year, the company said in a statement Tuesday. Panasonic is one of 15 companies that are so-called TOP sponsors for the International Olympic Committee. It's not known the value of the Panasonic sponsorship, but sponsors contribute more than $2 billion in a four-year cycle to the IOC. In a statement, Panasonic said it became an IOC sponsor in 1987 and expanded to the Paralympics in 2014. It did not make clear why it was changing course and said only that is was related to continual "reviews how sponsorship should evolve." Two other Japanese companies are also among the IOC's 15 leading sponsors. Toyota, which for several months has been reportedly ready to end its contract, was contacted Tuesday by The Associated Press but offered no new information. "Toyota has been supporting the Olympic and Paralympic movements since 2015 and continues to do so," Toyota said in a statement. "No announcement to suggest otherwise has been made by Toyota." Japanese sponsors seem to have turned away from the Olympics, likely related to the one-year delay in holding the 2020 Tokyo Olympics. The COVID-19 delay reduced sponsors' visibility with no fans allowed to attend competition venues, ran up the costs, and unearthed myriad corruption scandals around the Games. Tiremaker Bridgestone told AP "nothing has been decided." Toyota had a contact valued at $835 million — reported to be the IOC's largest when it was announced in 2015. It included four Olympics beginning with the Pyeongchang 2018 Winter Games in South Korea and ran through the just-completed Paris Olympics and Paralympics. Reports in Japan suggest Toyota may keep its Paralympic Olympic sponsorship. The... Read More