World
CONTACTStaffCAREER OPPORTUNITIESADVERTISE WITH USPRIVACY POLICYPRIVACY PREFERENCESTERMS OF USELEGAL NOTICE
© 2024 Pride Publishing Inc.
All Rights reserved
All Rights reserved
By continuing to use our site, you agree to our Private Policy and Terms of Use.
Annie Leibovitz, who earlier this week came close to losing the rights to some of her most famous photographs after defaulting on loan payments, has reached an agreement with debtors to restructure debts totaling $24 million.
In a joint statement by Leibovitz and Art Capital Group released Friday, the photographer retains the rights to her work and property, provided Leibovitz repays the loan, originally due on September 8. As a result, Art Capital withdrew a lawsuit filed in July against the photographer.
But failing to meet a future, unspecified deadline for the loan could still result in the loss of Leibovitz's copyrights and multiple properties, including townhouses in Greenwich Village and a home in Rhinebeck, N.Y.
"In these challenging times I am appreciative to Art Capital for all they have done to resolve this matter and for their cooperation and continued support," Leibovitz said in a statement.
Speculation abounded earlier this year that a cause of Leibovitz's financial trouble stemmed from taxes of 50% paid on a sizable inheritance when her longtime partner Susan Sontag died in 2004 -- taxes that would not apply to inheritances between couples with federally recognized marriages -- but other media sources maintain that Sontag left only a few personal items to Leibovitz, with the bulk of her estate willed to Sontag's son, and that Leibovitz's debt is largely due to loans taken out for major home renovations.
Want more breaking equality news & trending entertainment stories?
Check out our NEW 24/7 streaming service: the Advocate Channel!
Download the Advocate Channel App for your mobile phone and your favorite streaming device!
From our Sponsors
Most Popular
Here Are Our 2024 Election Predictions. Will They Come True?
November 07 2023 1:46 PM
17 Celebs Who Are Out & Proud of Their Trans & Nonbinary Kids
November 30 2023 10:41 AM
Here Are the 15 Most LGBTQ-Friendly Cities in the U.S.
November 01 2023 5:09 PM
Which State Is the Queerest? These Are the States With the Most LGBTQ+ People
December 11 2023 10:00 AM
These 27 Senate Hearing Room Gay Sex Jokes Are Truly Exquisite
December 17 2023 3:33 PM
10 Cheeky and Homoerotic Photos From Bob Mizer's Nude Films
November 18 2023 10:05 PM
42 Flaming Hot Photos From 2024's Australian Firefighters Calendar
November 10 2023 6:08 PM
These Are the 5 States With the Smallest Percentage of LGBTQ+ People
December 13 2023 9:15 AM
Here are the 15 gayest travel destinations in the world: report
March 26 2024 9:23 AM
Watch Now: Advocate Channel
Trending Stories & News
For more news and videos on advocatechannel.com, click here.
Trending Stories & News
For more news and videos on advocatechannel.com, click here.
Latest Stories
After decades of silent protest, advocates and students speak out for LGBTQ+ rights
April 13 2024 10:52 AM
11 celebs who love their LGBTQ+ siblings
April 13 2024 10:33 AM
The 10 most challenged books of last year
April 13 2024 10:06 AM
Mary & George's Julianne Moore on Mary's sexual fluidity and queer relationship
April 13 2024 10:00 AM
Investigation launched after man screams homophobic slurs at queer couples on D.C. metro
April 13 2024 9:59 AM
Germany makes it easier to change gender and name on legal documents
April 12 2024 6:06 PM
A youth's call to action on this Day of NO Silence
April 12 2024 5:00 PM
Democrats introduce resolution in support of LGBTQ+ youth
April 12 2024 4:35 PM
Colton Underwood is hoping to create a gay reality TV dating show
April 12 2024 4:28 PM
Idaho closes legislative session with a slew of anti-LGBTQ+ laws
April 12 2024 1:39 PM
Pride
Yahoo FeedElevating pet care with TrueBlue’s all-natural ingredients
April 12 2024 1:39 PM
Watch Jimmy Kimmel's hilarious LGBTQ+ campaign video: 'You can't spell Biden without Bi'
April 12 2024 12:00 PM
Pride
Yahoo FeedCreating erotic art and advocacy with adult entertainer Cody Silver (EXCLUSIVE)
April 12 2024 11:39 AM
How I navigated through religious trauma
April 12 2024 11:00 AM