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.


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

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