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In this Oct. 29, 2009 file photo, U.S. photographer Annie Leibovitz poses for the media, prior to a media tour through her exhibition "Annie Leibovitz - A Photographer's Life 1990 - 2005", at Kunsthaus Gallery in Vienna. Leibovitz has …

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Photographer Leibovitz keeps portfolio

To retain control of her portfolio under new deal

Updated: Tuesday, 09 Mar 2010, 1:02 PM EST
Published : Tuesday, 09 Mar 2010, 1:02 PM EST

  • ULA ILNYTZKY,Associated Press Writer

NEW YORK (AP) - Annie Leibovitz has entered into an agreement with a private investment firm to help manage her debt and market her portfolio of celebrity images.

Colony Capital LLC spokeswoman Caroline Luz said Tuesday that the photographer will retain control of her portfolio under a deal signed Monday.

Colony will become the photographer's sole creditor. It says the Santa Monica, Calif., firm will help market her images, which include covers for Vanity Fair, Vogue and Rolling Stone.

Leibovitz won an extension last year to repay a $24 million loan to the Manhattan firm Art Capital Group. Colony is helping her manage that loan.

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