For 50 cents, I'll take your picture!
MISS MONEY MISMANAGEMENT:
Sapphic lenser Annie Leibovitz has found a financial savior. Her copyrights to her lifetime of images were in peril.
BUT....
Colony Capital has stepped in. The lender is going to help her pay off those insane loans to Art Capital.
Of course the famous photog is going to have to pimp out her past work to pay the financial notes.
The game plan is this:
Ms Leibovitz will retain the rights to more than 100,000 photographs and about 1m negatives stored in a warehouse in Manhattan.
“We will be partners in managing her assets and her business so that Annie can spend her time and focus in pursuing her passion as only she can do,” said Tom Barrack, founder of Los-Angeles-based Colony, which manages about $30bn.
Potential plans include travelling photographic exhibitions, similar to those of Gregory Colbert, the nature photographer, and printing fine art copies of her work, he said. “Colony is a dedicated and creative team,” Ms Leibovitz said. “We will be working on new projects and I will have the support and freedom necessary for nurturing my work and preserving my archive.”
So look for a Whoopi Goldberg in a bathtub of milk magnet or greeting card at your local stationary retailer soon!!
via ft
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