From the Grey Lady’s Friday edition:
“Annie Leibovitz Tries to Regain Financial Footing”
The piece detailed the phamous photographer’s scrambling efforts to retain “the rights to her photos and her real estate.”
Seems Leibovitz pawned both to Art Capital Group, “an art world lender.” In return, she received $24 million. But faced with a payback deadline a few months ago, Leibovitz restructured the deal.
As part of that deal, Ms. Leibovitz agreed to pay Art Capital an undisclosed sum to regain control of her homes and the copyrights to her work, which she had previously ceded to the lender for an increase in the loan amount. That caused Ms. Leibovitz’s debt to Art Capital to grow to about $30 million, said a financial industry source who has consulted with Ms. Leibovitz about her debt, and who spoke anonymously because of a confidentiality agreement.
So, what – confidentiality agreements now only apply to identity? Not to content?
Get me Merriam-Webster on the phone.