According to a recent Bloomberg article titled “How Leibovitz Found New Partner for $24 Million Debt, Archive“, Anne Leibovitz has apparently left her financial troubles behind with Art Capital and has solicited a new creditor, to the tune of $24 million, for her lifetime catalog of copyrights.  According to the article, L.A.-based private equity firm Colony Capital, LLC is willing to take on her $24 million debt to Art Capital, and the contract will be collateralized by Leibovitz’s archive of about 100,000 copyrighted images and 1 million negatives as well as her three brownstones in Manhattan.  

With intangible assets, flexibility may just provide the financing opportunities that other assets cannot.

This entry was posted on Wednesday, March 17th, 2010 at 2:38 pm.
Categories: Today in IP ~ by Ian McClure.

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