Entertainment

Annie Leibovitz Enters New Deal to Manage Debt

March 27, 2007: American photographer Annie Leibovitz arrives at Buckingham Palace in London.

March 27, 2007: American photographer Annie Leibovitz arrives at Buckingham Palace in London.  (AP Photo/Kirsty Wigglesworth/pool)

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 and the firm signed the deal Monday.

Colony will become the photographer's sole creditor, while Leibovitz will retain control of her portfolio.

Colony 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. The financial dispute had threatened her rights to her own images.

Colony is helping her manage that loan.

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