Photographer Annie Leibovitz has won an extension on a $24 million loan in a financial dispute that threatened her rights to her famous images.
Leibovitz and Art Capital Group announced Friday that the 59-year-old photographer had been given more time to repay the loan. The two sides didn’t say how long the extension would last.
The loan’s deadline passed on Tuesday. Leibovitz would have had to repay it or lose the rights to photographs that she had put up as collateral.
Art Capital had sued for repayment in July but said Friday that it had withdrawn the lawsuit and that Leibovitz could retain the copyright to her work.
Leibovitz’s portraits have regularly graced the covers of Vanity Fair, Vogue and Rolling Stone.
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