Annie Leibovitz returned the rights to their work
American photographer Annie Leibovitz (Annie Leibovitz) returned the rights to their photographs, as well as its real estate, which she gave as security for a loan of $ 24 million received from the finance company Art Capital Group.
Both sides have agreed to amend the terms of their agreement, after which the lenders withdrew Leibovitz had to pay on the loan is September 8, but was unable to do so, and representatives of Art Capital Group went to meet her. They agreed to delay payment of the loan, but a new date, which was appointed, not named.
«In such difficult times, I am very grateful to Art Capital, for all they have done to address this issue, for their cooperation and support - Leibovitz said in a statement. - I also want to thank my family, friends and colleagues who have helped me, and I very much hope that it will soon again be able to concentrate on his work ».
According to the new conditions of the contract, Annie Leibovitz, the company bought the rights to all their shots, as well as belonging to her home in Greenwich Village and Reinbek. The amount that she had to pay for it, none of the parties are not reported. At the same time and photos are property collateral, and if Leibovitz again fail to pay, it could lose these assets.
article prepared by Catherine Onuchina
Source: , artinvestment.ru
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