Chris Albrecht Joins Forces with Ted Forstmann

IMG, the
sports, entertainment and media company, announced that Chris Albrecht, former
Chairman and Chief Executive Officer of HBO, has joined IMG to head its global
media business.

Albrecht will
also be a Special Limited Partner in Forstmann Little & Co. He and Ted
Forstmann will raise a $250 million fund for investments in media and
entertainment content. IMG is the lead investor and other strategic investors
will be invited to invest in the new fund.

Forstmann
said, “Chris Albrecht is a visionary – not only one of television’s greatest
creative minds, but also one of its most successful business executives – and
we are thrilled to have him join IMG. His credentials are unparalleled. He dramatically
increased revenues and profits at HBO while overseeing the development and
production of iconic shows such as ‘The Sopranos,’ ‘Sex and the City,’ ‘Entourage,’
‘Six Feet Under,’ ‘Deadwood,’ ‘Band of Brothers,’ and ‘The Wire.’ He also
oversaw all of HBO’s original programming and day-to-day business operations,
yielding scores of award-winning documentaries, films, and sports and comedy
programs.”

Forstmann
added, “IMG already has a growing presence in the rapidly evolving global media
and entertainment markets and unparalleled international distribution
capabilities. Chris will be instrumental in taking IMG to a new level based on
his extensive background in creating, developing, distributing and marketing
entertainment content, as well as his strong relationships throughout the
entertainment community.”

Albrecht
said, “With a proven strategy, great brand, unique resources and
entrepreneurial leadership, IMG is the ideal home for me. I’m looking forward
to working side by side with Ted Forstmann and IMG’s talented team. Together,
we can leverage IMG’s expertise, portfolio of assets, and established
international content distribution organization to capitalize on the enormous
global opportunities in traditional and digital media.”

Albrecht
spent more than 20 years at HBO, the world’s largest premium television
company, most recently as Chairman & CEO for five years through May 2007,
where he was responsible for the programming and management of HBO’s multiple
premium networks in the
United States,
Europe, Asia and
Latin America. Before
becoming Chairman and CEO of HBO in 2002, he spent seven years as president of
HBO Original Programming, where he directed all day-to-day operations of West
and East Coast original programming for HBO, Cinemax and HBO Independent
Productions, and also oversaw HBO Sports and HBO Film Programming.

From 1990
to 1995 he was President of HBO Independent Productions, a business unit which
developed and produced comedy series for distribution on HBO and the networks,
including “Martin” and “Everybody Loves Raymond.” He joined HBO in 1985 as
Senior Vice President, Original Programming, West Coast. Previously, he spent
five years at International Creative Management, where he signed such talent as
Jim Carrey, Keenen Ivory Wayans, Billy Crystal and Whoopi Goldberg. From l975
to l980 he was co-owner of The Improvisation nightclub in

New York City. He received a B.A. degree in
dramatic literature from

Hofstra

University.