Photographer Annie Leibovitz’s loan repayment due
NEW YORK (AP) — Celebrity photographer Annie Leibovitz risks losing the copyright to her images; and her entire life’s work, if she doesn’t pay back a $24 million loan due Tuesday.
The lender, Art Capital Group, sued Leibovitz in July claiming she breached an agreement that authorized it to act as the agent in the sale of her photography and real estate.
Leibovitz spokesman Matthew Hiltzik said Tuesday that the photographer was working to “resolve the situation.’’
Art Capital spokesman Montieth Illingworth said Friday that the company has “clear contractual rights and will protect them in any scenario.’’
“Our preference is for this to be resolved,’’ he added.
The deadline to pay back the loan is 11:59 p.m. Tuesday (0359 GMT Wednesday). It’s unclear what will happen if the deadline passes without the loan being repaid.
Neither side would say Tuesday whether they were meeting or if an agreement was possible.
Representatives for both Leibovitz and the art lending company had made no public statements by the afternoon.

