Annie Leibovitz can breathe a sigh of relief now.
The celebrity photographer has inked a deal with private equity firm Colony Capital to help clear her debts, without selling the right to her pictures.
Annie says of the new deal "We will be working on new projects and I will have the support and freedom necessary for nurturing my work and preserving my archive."
In other words, they're finding out ways to dig her out of that $24 million dollar hole she's in, which includes a traveling exhibition of the photog's pictures as well as a book series to showcase her work.
Lucky break, Annie!
[Image via WENN.]
Tags: books, celebrity photographer, colony capital, debt, exhibit