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Chris Albrecht leaving IMG


August 12, 2008 When former HBO boss Albrecht was hired as head of IMG Global Media in September, IMG Worldwide CEO Ted Forstmann announced he was launching a $250 million media and entertainment content investment fund for Albrecht to work with in expanding IMG's media and entertainment business. Recently, IMG came close to buying half of Mark Burnett's production company for $250 million deal, but the deal didn't go through. Albrecht said he will return to Foresee Entertainment, the independent production and distribution company he formed prior to joining IMG, "to seek business opportunities in the media and entertainment sector."

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