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  • SBD Article

    WME Outlines Plans To Cut $151M In Costs Out Of IMG After Acquisition Deal Closes

    Published April 14, 2014

    INSIDE IMG: IMG College (9%), IMG Media (16%), IMG Sports & Entertainment (1%), total (7%) IMG College IMG Media IMG Sports & Entertainment IMG lending documents, as acquired by SportsBusiness... ...as "outlined a plan to cut" $151M in costs out of IMG "after it completes its expected acquisition of t...

    Tags: William Morris Endeavor, IMG, Finance
  • SBD Article

    WME Outlines Plans To Cut $151M In Costs Out Of IMG After Acquisition Deal Closes

    Published April 14, 2014

    INSIDE IMG: IMG College (9%), IMG Media (16%), IMG Sports & Entertainment (1%), total (7%) IMG College IMG Media IMG Sports & Entertainment IMG lending documents, as acquired by SportsBusiness... ...as "outlined a plan to cut" $151M in costs out of IMG "after it completes its expected acquisition of t...

    Tags: William Morris Endeavor, IMG, Finance
  • SBD Article

    Minding My Business With IMG College's Kary Brock

    Published March 26, 2014 by Alex Silverman

    Age: 35 Where I'm from: Kinnelon, N.J. Where I call home: Manhattan's SoHo neighborhood Position: IMG College VP/Marketing Focusing on right now: Building new assets and new approaches for prospective and existing clients.  Brock (l) enjoys running, and recently did the Turkey Trot with her sisters Best advice: It's totally cheesy, but it's something that I always hearken back to: Love what you do and work with...

    Tags: People and Pop Culture, IMG
  • SBD Article

    Syracuse-IMG Deal Proves To Be Lucrative, But Leads To Some Sponsor Hiccups

    Published February 18, 2014

    ...as a commercial enterprise" through its deal with IMG College, and the pact also "has changed" the scho... ...s deal with Crouse Sports Medicine -- brokered by IMG in '12 -- "gave Crouse exclusive hospital marketi... ...ed to SU." Meanwhile, e-mails between Upstate and IMG obtained through a FOIA request "refer to a pendi... ng Crouse/IMG deal that would last five years and cost at least...

    Tags: Marketing and Sponsorship, IMG
  • SBD Article

    George Pyne, Ben Sutton Leaning Toward Staying At IMG Following WME Acquisition

    Published January 10, 2014 by Michael Smith & Tripp Mickle

    IMG execs GEORGE PYNE and BEN SUTTON are leaning towa... Pyne, the President of IMG Sports & Entertainment, and Sutton, President of... IMG College, stayed in L.A. after Monday night's BCS... ...going to take 3-6 months for the full transfer of IMG's ownership to WME. ...chase contract for a small adjustment in price if IMG had missed its revenue projections for the end of... IMG College does significant business during bowl sea...

    Tags: People and Pop Culture, IMG, William Morris Endeavor
  • SBD Article

    IMG College's Multimedia Deal With WVU Starts Strong, Beating Sales Goal By 22-25%

    Published January 08, 2014

    IMG College officials said the company's first footba... " IMG College Regional VP/East Region Rex Hough project... " IMG College's contract with WVU "guarantees IMG will pay WVU" at least $86. ...en idled for more than seven months" after one of IMG College's competitors, West Virginia Radio Corp. This meant IMG officials "had to wait until July to begin the pa...

    Tags: IMG, Media
  • SBD Article

    Emanuel, Whitesell Face Daunting Task In WME's Pricey Acquisition Of IMG

    Published January 03, 2014

    ...believe WME and Silver Lake "vastly overpaid" for IMG, while some "predict a massive learning curve" fo... Rivals argue the combined WME-IMG "will be burdened" by as much as $1B in debt, whi... " Still, Sun & Masters note the IMG deal, if it closes in the spring as expected, "le... " IMG employees "are said to have been held to raises o...

    Tags: Finance, IMG, William Morris Endeavor
  • SBD Article

    WME's Acquisition Of IMG Could Take Up To Six Months; Sutton To Stay On IMG Board

    Published December 20, 2013

    William Morris Endeavor’s acquisition of IMG will take three to six months to complete. During that time, IMG will continue to operate as an independent compan... They plan to continue to use the IMG name after taking over the company. The co-CEOs traveled this week to IMG’s offices in Winston-Salem and London to meet wit... IMG staff have been asked to continue to conduct busi...

    Tags: IMG, Finance
  • SBD Article

    WME Execs To Meet With IMG College Officials To Discuss Acquisition Fallout

    Published December 19, 2013 by Michael Smith

    ...k Whitesell and Ari Emanuel are expected to visit IMG College HQs in Winston-Salem, N.C., today to see... the operation and meet further with IMG College President Ben Sutton.4B acquisition of IMG is whether certain company leadership -- Sutton a... nd IMG Sports & Entertainment President George Pyne -- w... ...use they have worked so well together in building IMG College from $25M in net income to $70M over the...

    Tags: Finance, William Morris Endeavor, IMG
  • SBD Article

    WME's Emanuel, Whitesell Get To Work At IMG As Industry Weighs Impact Of Acquisition

    Published December 19, 2013

    ...sell were "spotted making the rounds Wednesday at IMG Models -- as well as at IMG-owned division Art + Commerce, which reps fashion... ...e, VARIETY's Cynthia Littleton wrote WME with the IMG deal "suddenly gets a whole lot bigger -- larger... ...etches across departments and disciplines," while IMG is "said to be run as series of fiefdoms, in part... " The impact of WME-IMG on Hollywood "will be much discussed.

    Tags: Finance, IMG
  • SBD Article

    Industry Leaders Sound Off On Impact IMG Sale Will Have On Company, Business

    Published December 19, 2013

    After the IMG sale to William Morris Endeavor was announced, a... * Former IMG exec Rob Prazmark, currently a principal at 21 Ma... ...see the sports and entertainment shootout between IMG and CAA. "The years of investment IMG has in the international market and power in the... ...ements allow, I think we will see numerous former IMG exec's launching their own businesses, as well as...

    Tags: Finance, IMG, William Morris Endeavor
  • SBD Article

    William Morris Endeavor, Silver Lake Partners Acquire IMG For Estimated $2.4B

    Published December 18, 2013 by Tripp Mickle

    ...Lake Partners today announced the acquisition of IMG Worldwide from Forstmann Little & Co. Terms of th... ...turns WME into a major player in sports by adding IMG's sports consulting, college, tennis, golf and me... ...n the $750M that the private equity firm spent on IMG in '04. ...t out bids from CVC Capital and Carlyle Group for IMG. ...k Whitesell and Ari Emanuel in a statement said, "IMG has incredible strategic value to WME.

    Tags: Finance, IMG
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