Bailout for photographer

United States photographer Annie Leibovitz has turned to a private equity firm for loans to help deal with huge debts which put her at risk of losing her library of famous pictures.

Citing people familiar with the deal, the Financial Times said Colony Capital would become her sole creditor and help market her photos.

As well as the archive, 60-year-old Leibovitz risked losing a string of luxury properties after falling behind on loan payments.