Friday, September 11, 2009

Annie Leibovitz buys back copyright to her photos; Yahoo, 9/11/09

Ula Ilnytzky, Associated Press, via Yahoo; Annie Leibovitz buys back copyright to her photos:

"Annie Leibovitz has won an extension on a $24 million loan in a financial dispute that threatened her rights to her famous images, the two sides said in a joint statement Friday.

Leibovitz and the company, Art Capital Group, said the 59-year-old photographer had been given more time to repay the loan. The loan's deadline passed on Tuesday, but both parties had continued to work to try to resolve the dispute. Neither party would specify the length of the extension...

Last year, Leibovitz put up as collateral three Manhattan townhouses, an upstate New York property and the copyright to every picture she has ever taken — or will take — to secure the loan."

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