IMG was founded by Mark McCormack, an American lawyer who spotted the potential for athletes to make large incomes from endorsement in the television age; he signed golfer Arnold Palmer as his first client. McCormack died in 2003. In 2004 Forstmann Little led by Theodore J. Forstmann acquired the company; Forstmann served as chairman and CEO until his death in late 2011. IMG is a privately owned company.
IMG Worldwide is a global sports, fashion and media business, with nearly 3,000 employees operating in more than 30 countries around the globe. IMG's areas of expertise are diverse and wide ranging
Fashion week was owned by 7th on Sixth which created it 1993 to organize, centralize and modernize the American Collections and provide a platform for American designers to become players in the global fashion business. It was acquired by IMG in July, 2001 from the Council of Fashion Designers of America (CFDA) it was the first organization in America to offer designers state-of-the-art venues, an experienced production team and maximum exposure through a wide variety of marketing benefits and advertising opportunities.
IMG Events and Federations owns and manages some of the most sought after events and includes long standing associations with the world's most important sports organizations, leagues, and federations. IMG Fashion owns and operates fashion events around the world and IMG Models represents the world's top models and leading designers. IMG Art+Commerce represents the most influential photographers, art directors and stylists.
IMG Fashion and Rightster announce that for the first time, there will be a live stream of every runway show from Mercedes-Benz Fashion Week at Lincoln Center, as well as video on-demand content available for all shows and presentations, for fashion enthusiasts everywhere.
The company is slated to be sold by private-equity firm Forstmann Little & Co. because a handful of limited partners in one of its funds have investment agreements that are set to expire in June. The company is set to be sold this April 2013 if agreement are not extended for $3 billion dollars. The focus of the management of IMG is on continuing to grow the company's worldwide businesses and make them as profitable as possible."
IMG has a talent management division with particular strength in the sports, music and fashion worlds -- representing such stars as Heidi Klum, Justin Timberlake, Peyton Manning, Rafael Nadal and Taylor Swift.
IMG was founded and headquartered in Downtown Cleveland in complex built in 1965 diagonally 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. At street level they have a projection screen showing their businesses, events and clients, with images ranging from Formula One racing to professional golfers. Following the acquisition of IMG by Forstmann Little, the headquarters remained in Cleveland, Ohio for several years until officially relocating to its new parent company's existing offices in New York, in 2010. The firm continues to operate its major U.S. office at the former Cleveland headquarters.
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.
On December 3, 2012, The Premier League announced that IMG Media had agreed a new three-year deal with the Premier League for aeroplanes and ships rights.
Chairman and Chief Executive Officer:
Michael J. Dolan
767 5th Avenue
New York, NY 10153
Major U.S. Offices:
1360 East 9th Street, Suite 100
Cleveland, OH 44114
304 Park Avenue South
New York, NY 10010
Hogarth Business Park
Chiswick London W4 2TH