Annie Leibovitz Reaches Settlement with Creditors

Famed photographer Annie Leibovitz and her creditors reached an agreement Friday afternoon that extends the $24 million loan Leibovitz was supposed to pay back Tuesday. As part of the latest deal, Leibovitz has also purchased back from the creditor, Art Capital Group, the rights to act as exclusive agent in the sale of her real estate and the copyrights to all of her present and future works. "Leibovitz will therefore retain control of those assets within the context of the loan agreement...Full Story
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