Leibovitz’s Capital Idea
Photographer Annie Leibovitz has inked a deal with Colony Capital to help her manage her debt and market her portfolio of celebrity images, and become her sole creditor.
If the private equity firm sounds familiar, it’s the same company that acquired the loan to Michael Jackson’s Neverland property before the singer died last year.
Leibovitz won an extension last year to repay a $24 million loan to the Manhattan firm Art Capital Group. The dispute threatened her rights to her own images, which have appeared in Vanity Fair, Vogue and Rolling Stone.
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