Photographer Penn Dies At 92October 8th, 2009 Legendary photographer IRVING PENN has died at the age of 92. Penn was best known for his fashion photography, still-life imagery and portraits.
Francis To Lose Mansion Over Gambling Debt?September 30th, 2009 JOE FRANCIS faces losing his mansion after refusing to pay back an outstanding gambling debt, according to a U.S. report. The Girls Gone Wild creator has been ordered to pay off a $2 million (£1.3 million) debt to Las Vegas mogul Sam Wynn's casino resort, Wynn Las Vegas.
Leibovitz Escapes Financial Ruin After Creditors Back OffSeptember 12th, 2009 ANNIE LEIBOVITZ can breath a sigh of relief - creditors who sued the famed snapper over claims she reneged on a $24 million (£16 million) loan agreement have withdrawn the suit. Leibovitz was given the huge sum by bosses at Art Capital Group, to help escape her "dire" financial circumstances.
Photographer Annie Leibovitz gets extension on $24M loan, retains copyright to life's workSeptember 11th, 2009 Annie Leibovitz settles money problems with lenderNEW YORK — 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.
Spokesman: Photographer Annie Leibovitz, lender working to resolve loan as deadline passesSeptember 9th, 2009 Spokesman: Leibovitz working to resolve loan issueNEW YORK — Celebrity photographer Annie Leibovitz was continuing to try to resolve matters with her lender, her spokesman said Wednesday, a day after the deadline passed for her to repay a $24 million loan or lose the rights to her life's work. The lender, Art Capital Group, sued the 59-year-old Leibovitz in July, claiming she breached an agreement that authorized it to act as the agent in the sale of her photography and real estate.
Celeb photographer Annie Leibovitz's $24M loan repayment due; risks losing copyright to imagesSeptember 8th, 2009 Photographer Annie Leibovitz's loan repayment dueNEW YORK — Celebrity photographer Annie Leibovitz risks losing the copyright to her images — and her entire life's work — if she doesn't pay back a $24 million loan that is now due. The photographer must repay Art Capital Group on Tuesday.
Deadline for celebrity photographer Annie Leibovitz to repay $24 million loan passesSeptember 8th, 2009 Annie Leibovitz deadline to repay $24M loan passesNEW YORK — The deadline for celebrity photographer Annie Leibovitz to repay a $24 million loan passed Tuesday night without word from either involved party. Leibovitz risked losing the lucrative copyright to her images if she didn't pay back the loan.
Leibovitz Faces Another LawsuitSeptember 6th, 2009 Famed photographer ANNIE LEIBOVITZ is facing yet more financial turmoil - an Italian snapper is suing her for breach of copyright. Leibovitz persuaded a judge on Thursday (03Sep09) to grant her another month to answer a lawsuit filed by bosses at the Art Capital Group - who allege she reneged on a $24 million (£16 million) loan agreement.
Leibovitz Wins Court Delay Against CreditorsSeptember 5th, 2009 Celebrity photographer ANNIE LEIBOVITZ has won a small victory against creditors alleging she reneged on a $24 million (£16 million) loan agreement - a judge has delayed the case as the sides negotiate terms of payment. The famed snapper was given the huge sum by bosses at Art Capital Group, to help escape her "dire" financial circumstances.
Judge: Paris Hilton does not owe full $8.3 million sought by investors suing over movie flopAugust 19th, 2009 Judge: Paris Hilton doesn't owe full $8M for flopMIAMI — Paris Hilton's movie "Pledge This!" was a colossal flop, but a Miami judge says she won't have to pay more than $8 million because of it. A lawsuit by investors in the film sought that amount, blaming the 2006 movie's poor showing on Hilton's failure to promote the film.
SIRIUS XM Radio to offer $250 million in notes to repay part of Liberty Media loanAugust 13th, 2009 SIRIUS XM Radio to offer $250 million in notesNEW YORK — Sirius XM Radio said on Wednesday it would offer $250 million in senior secured notes due in 2015. The satellite radio company said it would use the money to repay debt from Liberty Media Corp.
IMAX expects gross proceeds of $50M from stock offering, to use funds to repay debtAugust 12th, 2009 IMAX expects $50 million from stock offeringNEW YORK — IMAX Corp., maker of large-screen movie-theater technology, said Tuesday it expects gross proceeds of about $50 million from its public offering of just under 5.9 million common shares. The company offered the shares at $8.50 apiece.
Actor Stephen Baldwin files for bankruptcy, owes millions of dollars, court filings showJuly 22nd, 2009 Actor Stephen Baldwin files for bankruptcyNEW YORK — Court records show actor Stephen Baldwin is millions of dollars in debt and has filed for Chapter 11 bankruptcy. A filing Tuesday in federal court in New York shows that Baldwin owes $1.2 million in two mortgages on a property about 30 miles north of New York City valued at $1.1 million.
Annie Leibovitz may face bankruptcy petitionMay 25th, 2009 NEW YORK - Acclaimed photographer Annie Leibovitz might be earning a lot of money from Vanity Fair and corporate work, but she is still being threatened with involuntary bankruptcy after not settling an overdue debt with a lighting company. Leibovitz was sued by B2Pro Lighting company, which claimed she owed the company 392,036 dollars for rental services, damaged equipment and failure to deliver enough business to justify the discount rates she was receiving.
Times Co., Boston Globe unions resume negotiations, face another deadline to make concessionsMay 3rd, 2009 Times Co., Boston Globe unions resume negotiationsBOSTON — Labor union leaders at The Boston Globe say the deep cuts in workers' pay and benefits they're offering should be more than enough to save the newspaper, which has been threatened with closure by its owner, The New York Times Co. The Boston Newspaper Guild, the Globe's largest union, released a statement Sunday saying its proposed concessions meet the needs of management, and the union is confident the Times Co.