IMG (company)

Last updated

International Management Group
Company type Subsidiary
Founded1960
Founder Mark McCormack
Headquarters
New York City, New York
,
United States
Area served
25+ countries
Key people
Ari Emanuel
(co-CEO)
Patrick Whitesell
(co-CEO)
Number of employees
3,000+
Parent Endeavor
(sale to TKO Group Holdings pending)
Divisions Art + Commerce
College
Events
Fashion
Media - Including Rights, Production & IMG ARENA
Models
Licensing
Website www.img.com

IMG, originally known as the International Management Group, is a global sports, fashion, events and media company headquartered in New York City. [1] The company manages athletes and fashion celebrities; owns, operates and commercially represents live events; and is an independent producer and distributor of sports and entertainment media. [2]

Contents

History

IMG was founded in 1960 in Cleveland, Ohio, by Mark McCormack, an American lawyer who spotted the potential for athletes to make large incomes from endorsement in the television age. He signed professional golfers Arnold Palmer, Gary Player and Jack Nicklaus as his first clients who collectively are known as The Big Three. [3] McCormack died in 2003. [4]

In 2004, Forstmann Little, led by Theodore J. Forstmann, acquired the company; Forstmann served as chairman and CEO until his death in late 2011.

On June 1, 2006, IMG Media acquired Tiger Aspect Productions, the producer of the British television series Mr. Bean and the company, along with Darlow Smithson Productions (also acquired in 2006) later sold to Endemol in November 2009. [5] [6] [7]

In 2006, IMG Media acquired nunet AG, [8] a provider of mobile TV services to mobile network operators around the world. Clients of nunet's mobile TV CMS currently include: Vodafone, Proximus, Vodacom, Mobilkom A1. Content distributed currently includes MTV, Fashion TV, Eurosport, and Discovery Networks.

In November 2007, IMG acquired Kentucky-based Host Communications, which had multiple business units with services ranging from sports marketing and broadcasting to the management of associations and non-profit organizations. The sports-related businesses were combined with the Collegiate Licensing Company (CLC) to form IMG College, while the association management division was renamed IMG Associations.

IMG was originally headquartered in downtown Cleveland in a complex built in 1965 across the street from Erieview Tower. When the IMG Center was built, it originally housed the Cuyahoga Saving Bank, which was acquired by Charter One Bank in 1998.

In 1997, IMG renovated the Cuyahoga Savings Bank Building and renamed it IMG Center. Following the acquisition of IMG by Forstmann Little, the headquarters remained in Cleveland, Ohio, for several years until officially relocating to its parent company's existing offices in New York, in 2010, though the IMG Center is still located on East Ninth Street in Cleveland.

On October 15, 2010, IMG acquired ISP, the multimedia rights holder for more than 50 universities based in Winston-Salem, North Carolina. As a result of the acquisition, IMG College retained ISP's former headquarters in Winston-Salem. [9]

On December 18, 2013, IMG was acquired by William Morris Endeavor and Silver Lake Partners in a $2.4 billion deal to form WME-IMG. [10] WME's Ari Emanuel and Patrick Whitesell served as co-CEOs.

WME-IMG reorganized in October 2017 with the parent company being renamed from WME-IMG to Endeavor, and IMG and WME becoming subsidiaries of Endeavor. Ari Emanuel became Endeavor CEO and Patrick Whitesell became Endeavor executive chairman. [11]

In October 2024, IMG agreed to be purchased by another one of Endeavor's subsidiaries, TKO Group Holdings, as part of a $3.25 billion deal, with the transaction expected to close in the first half of 2025. [12]

Media

IMG's Media Division produces, develops and executes multi-channel distribution strategies for federations, associations and events working with major global broadcasters, channels and platforms. Each year it delivers 45,000 hours of content originating from over 200 clients.

The company's multimedia product offering includes production of Channel 4's England men's UEFA Nations League and European Qualifiers and Super League rugby coverage, CBS' UEFA Champions League coverage, the DP World Tour and Ryder Cup coverage, and the Premier League's international broadcast feed.

IMG also produces and distributes Sport 24, [13] the live, linear sports channel for the airline and cruise industries, and EDGEsport, the linear action sports channel.

In 2012, IMG created IMG ARENA, a sports data and technology company for the betting, media and professional sectors.[ citation needed ]

Endeavor acquired Mailman Group in 2021, and its UK-based Seven League digital marketing agency was integrated into IMG's Media division. [14]

Trans World Sport was one of the first productions created by TWI/IMG when it began weekly production in May 1987. The 49-minute sports magazine programme airs in numerous countries around the world and is owned and distributed by IMG

Archive

IMG's Archive Services (previously IMG Replay) houses the largest sports archive platform with over 500,000 hours of content dating back over 120 years including event footage, highlights, interviews, ISOs and programming, available in 4K, 3D and HR=D. [15]

IMG currently works with over 37 rightsholders helping to digitise, monetise and market their archive content including:

IMG also supports brands, agencies and production studios in securing rights and clearance for archive content. [16]

Models

IMG Models is an international modelling agency headquartered in New York City and with additional offices in London, Los Angeles, Milan, Paris, and Sydney. It is a subsidiary of the talent management company International Management Group. The company merged with William Morris Endeavor in 2013. In 2015, the agency represented more than half of the highest-paid supermodels. Ivan Bart is the current President, and Lisa Marie Benson is the Vice President. [17]

Consulting

IMG's Consulting division works with rightsholders, and brands on commercial, marketing and sponsorship strategy. IMG's stadium and arena group works with leagues and franchises.

In Brazil, IMG worked with local affiliate IMM (former IMX), serving clients involved with the FIFA 2014 World Cup and the Rio 2016 Summer Olympics.

Joint Ventures

IMG operates joint ventures with key partners across many areas of the business.

In Brazil, China, India, and Turkey IMM (Brazil, former IMX), CC-TV IMG (China), IMG Reliance (India) and IMG Dogus (Turkey) develop sports, fashion and entertainment properties in their respective territories.

In 2015, IMG and Euroleague Basketball agreed on a ten-year joint venture. Together they will manage the commercial operation, and management of all global rights covering both media and marketing of the EuroLeague (the premier competition for European professional men's basketball clubs) and its 2nd-tier competition, the EuroCup. [18]

In 2018, IMG and influencers Joe Sugg and Caspar Lee founded the joint venture Margravine Management, now known as MVE. [19] [20]

Events

IMG owns, produces and commercially represents hundreds of events worldwide.

Art

Association Football

Basketball

Entertainment

Figure Skating

Golf

Motorsports

Rugby League

Running

Strongman

Surfing

Tennis

Triathlon

Volleyball

IMG College

In late 2007, IMG acquired Host Communications and the Collegiate Licensing Company to form IMG College. In 2010 IMG acquired ISP Sports, which was based in Winston-Salem, North Carolina. [27] Today, IMG represents the multimedia rights for more than 90 universities, conferences, collegiate associations and venues along with the licensing rights to more than 150 colleges and universities as well as the College Football Playoff. Additionally, IMG Seating serves more than 100 universities, and IMG Learfield Ticket Solutions provides outsourced ticketing services to universities.[ citation needed ]

Fashion

Licensing

IMG's Licensing Division works in trademark licensing and currently provides its services to more than 100 Licensors of intellectual property.[ citation needed ]

eSports

IMG eSports represents commercial rights on behalf of game publishers and tournament operators.

In April 2022, the Global Esports Federation (GEF) announced IMG as their strategic partners and as a result the Commonwealth Esports Championship was formed. [28]

IMG Tennis

IMG represents tennis athletes worldwide.

Channels

Sport 24

Sport 24 is a 24/7 live sports television channel owned by IMG, which is available on international airlines including AeroMéxico, Air New Zealand, All Nippon Airways, Emirates, Etihad Airways, Singapore Airlines and Turkish Airlines, as well in international waters on cruise lines including Carnival, Celebrity Cruises, Princess Cruises, Norwegian Cruise Lines, Royal Caribbean Cruise Lines and P&O. [30]

The channel broadcasts live sport from 40 international federations and competitions. These include Premier League, National Football League, National Basketball Association, UEFA Champions League, ATP World Tour, PGA Tour, European Tour, Euroleague, UEFA Euro, Olympics and Ryder Cup. [31]

Sport 24 launched in February 2012. A secondary part-time channel, Sport 24 Extra, launched in 2016, offering an extra 150 live hours a month and choice during concurrent events. [31] Both channels originate from IMG's production headquarters at Stockley Park, near London's Heathrow Airport. Sport 24 is available on Panasonic's live television service, which is broadcast via satellite to airlines.

See also

Related Research Articles

<span class="mw-page-title-main">Sony Sports Network</span> Indian sports television network

The Sony Sports Network, formerly known as the Sony Pictures Sports Network and also known as Sony TEN, is a group of Indian pay television sports channels owned by Culver Max Entertainment.

The EuroLeague, officially the Turkish Airlines EuroLeague, is a European men's professional basketball club competition. The league is widely recognised as the top-tier men's league in Europe. The league consists of 18 teams, of which 16 are given long-term licences and wild cards, making the league a semi-closed league. The league was first organized by FIBA in 1958, subsequently by ULEB in 2000 and then solely the Euroleague Basketball.

<span class="mw-page-title-main">SuperSport (South African broadcaster)</span> South African sports television channel

SuperSport is a prominent sports broadcaster with a rich history of international operations. Originally, it extended its reach beyond Africa, operating in various European regions, including Scandinavia, Benelux, Italy, Eastern Europe, Greece, and Cyprus. These operations were initially launched by FilmNet and later came under the ownership of MultiChoice. However, these channels have since been replaced. SuperSport also operated in Thailand under the name True Sport and had a presence in Egypt and the Middle East through partnerships with the Cable Network of Egypt (CNE) and the Arab Radio and Television Network.

Sport TV is a Portuguese sports-oriented premium cable and satellite television network with seven premium channels in Portugal, one sports news channel and one channel in Portuguese-speaking Africa. The first channel, then only known as Sport TV, was launched on 16 September 1998. It is owned by Altice Portugal, NOS, Vodafone Portugal and Global Media Group. It is available in almost all television distribution operators in Portugal as a premium subscription channel.

<span class="mw-page-title-main">New York Fashion Week</span> Fashion event in New York

New York Fashion Week (NYFW), held in February and September of each year, is a semi-annual series of events in Manhattan typically spanning seven to nine days when international fashion collections are shown to buyers, the press, and the general public. It is one of four major fashion weeks in the world, collectively known as the "Big Four," along with those in Paris, London, and Milan. The Council of Fashion Designers of America (CFDA) created the modern notion of a centralized "New York Fashion Week" in 1993, although cities like London were already using their city's name in conjunction with the words fashion week in the 1980s. NYFW is based on a much older series of events called "Press Week," founded in 1943. On a global scale, most business and sales-oriented shows and some couture shows take place in New York City.

<span class="mw-page-title-main">Sport in Europe</span>

Sport in Europe tends to be highly organized with many sports having professional leagues. The origins of many of the world's most popular sports today lie in the codification of many traditional games, especially in the United Kingdom. However, a paradoxical feature of European sport is the extent to which local, regional and national variations continue to exist, and even in some instances to predominate.

V Sport is a group of Swedish sports channels owned by Viaplay Group, broadcasting from the United Kingdom and constituting a part of the pan-Nordic V Sport offering. The Swedish V Sport channels except V Sport Motor and V Sport Extra are also distributed in Finland.

Endeavor Group Holdings, Inc. is an American holding company for talent and media agencies with its primary offices in Beverly Hills, California. The company was founded in April 2009 after the merger of the William Morris Agency and Endeavor Talent Agency. Endeavor represents artists in film, television, music, theater, digital media, and publishing. It also represents the NFL and NHL. Endeavor is majority owner of World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) through TKO Group. In collegiate athletics Endeavor-Learfield IMG represents The American, A10, Big 12, Conference USA, Horizon League, MAC, MEAC, OVC, SEC and WCC.

Stöð 2 Sport is an Icelandic television channel that broadcast a wide variety of different sports in Iceland. Stöð 2 Sport is only broadcast in Iceland and only in Icelandic.

Sportfive is a German based international sports marketing agency with offices around the world. The agency operates in sports consulting, partnership sales, marketing and sponsorship activation. Its headquarters are located in Hamburg, Germany. Sportfive employs around 1,200 people and markets over 30 different sports disciplines, including football, American football, baseball, basketball, esports & gaming, golf, handball and motorsport. Since 2020, Sportfive has been part of US private equity firm H.I.G. Capital.

In the United Kingdom, sporting events are broadcast on several national television networks, as well as radio. Many of the sporting events are listed online or in different kind of apps. These apps are mainly designed by sport fans who want to have an easy way to find when a certain game or match is played, as well as when a race starts or which channel is broadcasting the olympic games etc.

Ruutu+ Urheilu 1 is a package of Finnish sports-oriented television channels owned and operated by Nelonen.

Sky Sport is a group of sports-oriented television channels operated by New Zealand's satellite pay-TV company, Sky.

V Sport is a group of Norwegian television channels owned by Viaplay Group, and a part of the pan-Nordic V Sport brand.

Golf coverage on ESPN has been a regular feature of the cable sports channels' programming since soon after ESPN's launch in the United States in 1979.

Sky Sports is a group of British subscription sports channels operated by the satellite pay television company Sky Group, and is the dominant subscription television sports brand in the United Kingdom and Ireland. It has played a major role in the increased commercialisation of British sport since 1991, and has sometimes played a large role inducing organisational changes in the sports it broadcasts, most notably when it encouraged the First Division to break away from the Football League to form the Premier League in 1992.

<span class="mw-page-title-main">Star Sports (East Asian TV channel)</span> East Asian sports television channel

Star Sports is an East Asian pay television sports channel broadcast to Mainland China and formerly South Korea, operated by Fox Networks Group Asia Pacific, a subsidiary of The Walt Disney Company. It was previously part of the Fox Sports operations in East and Southeast Asia, but this version retained Star Sports name; ESPN Mainland China was instead renamed Star Sports 2.

<span class="mw-page-title-main">SPOTV</span> South Korean pay television network for sports

SPOTV is a South Korean pay television network, which features sports programming and some sports-related talk shows. Founded in 2010, the network is the fourth premium sports network in South Korea following by KBS N Sports, MBC Sports+ and SBS Sports.

beIN Sports France is a French network of sports channels owned by Qatari Sports Investments and operated by Mediapro. It is the French version of the global sports network beIN Sports.

1Sports was an Indian sports television channel owned by Lex Sportel Vision Pvt. Ltd., launched after Discovery India took control of their DSport channel. 1Sports broadcast live sporting action from around the world, including high-profile content such as I-League. The channel ceased broadcasting on 21 November 2023.

References

  1. img.com Archived February 28, 2015, at the Wayback Machine
  2. "IMG | A global sports & culture company". IMG. Retrieved October 27, 2023.
  3. "Mark McCormack and IMG". Creaghan McConnell Group. Archived from the original on November 8, 2019. Retrieved September 3, 2019.
  4. Litsky, Frank (May 17, 2003). "Mark H. McCormack, 72, Pioneer of Sports Marketing". The New York Times. ISSN   0362-4331 . Retrieved September 3, 2019.
  5. "Tiger Aspect Bought by IMG Media". The Guardian . June 1, 2006. Retrieved June 22, 2021.
  6. "Endemol acquires Tiger Aspect, Darlow Smithson from IMG". Television Business International. November 24, 2009. Retrieved June 22, 2021.
  7. "Endemol buys Darlow Smithson, Tiger Aspect". Realscreen . November 23, 2009. Retrieved June 22, 2021.
  8. "可愛い赤ちゃんが生まれたら出産祝い!出産祝い・内祝いって何?". www.nu-net.com. Retrieved March 14, 2018.
  9. bizjournals.com
  10. Cohan, William (February 13, 2015). "The Inside Story of Ari Emanuel's Big, Risky WME-IMG Merger". Vanityfair.com. Retrieved February 21, 2023.
  11. Sun, Rebecca (October 9, 2017). "WME-IMG Renames Parent Company as Endeavor". Hollywood Reporter. Retrieved November 2, 2023.
  12. "TKO to Acquire IMG, On Location, Professional Bull Riders From Endeavor in $3.25B Stock Deal". The Hollywood Reporter. Retrieved October 25, 2024.
  13. "Sport 24". Sport 24.
  14. Carp, Sam. "IMG sports betting data IMG arena data launch". SportsProMedia. Retrieved November 2, 2023.
  15. "Premier League and IMG Replay renew long-running video archive deal". Sport Cal. August 2, 2022. Retrieved January 5, 2024.
  16. "IMG Replay". IMG Replay.
  17. Herd, Thomas. "Within a World of Creativity, Innovation, and Potential: Lisa Marie Benson, Vice President of IMG Models". LAWEEKLY. Retrieved November 2, 2023.
  18. "Euroleague Basketball A-licence clubs and IMG agree on 10-year joint venture". Euroleague Basketball. November 10, 2015. Archived from the original on March 21, 2016. Retrieved April 5, 2016.
  19. Spangler, Todd (June 8, 2018). "YouTube Stars Joe Sugg, Caspar Lee Form IMG-Backed Digital Talent Management Agency". Variety. Retrieved September 11, 2024.
  20. "Joe Sugg, Caspar Lee And Img's Margravine Launches U.S. Base And Rebrands As Mve". IMDb. Retrieved September 11, 2024.
  21. "Emirates FA Cup Overseas Broadcast Rights" (Press release). London: The Football Association . Retrieved March 14, 2018.
  22. "Hyde Park Winter Wonderland". Archived from the original on January 7, 2019. Retrieved January 7, 2019. PWR Events, an International Management Group (UK) Limited company, are proud to be actively producing sustainable events and are certified to ISO 20121, the international standard for sustainability in event management.
  23. "Super League and RFL announce strategic partnership with IMG".
  24. "Sponsors - Sydney International Tennis". apiainternational.com.au. Retrieved March 14, 2018.
  25. "Ion Țiriac Sells The Mutua Madrid Open To IMG". Romania Journal. December 6, 2021.
  26. "Barcelona Open Banc Sabadell - 65º Trofeo Conde de Godó". www.barcelonaopenbancsabadell.com. Retrieved March 14, 2018.
  27. "IMG College - History". www.imgcollege.com. Retrieved March 14, 2018.
  28. "IMG appointed as Global Esports Federation's strategic partner". Gambling Insider. April 21, 2022. Retrieved April 22, 2022.
  29. "IMG - Tennis". Archived from the original on February 25, 2015. Retrieved February 25, 2015.
  30. "Experience the 2018 FIFA World Cup Onboard". Airways Magazine. June 14, 2018. Retrieved January 12, 2019.
  31. 1 2 Fox, David (February 6, 2019). "IMG Studios draws up route plan to IP for Premier League and Rugby World Cup". SVG Europe. Retrieved June 19, 2022.