IMG AND CHINA CENTRAL TELEVISION (CCTV) ANNOUNCE HISTORIC, 20-YEAR EXCLUSIVE JOINT VENTUREIMG Worldwide, Inc., the global sports and entertainment company, and China Central Television (CCTV), the world's largest television broadcaster, today announced the formation of a ground-breaking joint venture to create, develop and promote world-class sporting events and sports programming across China, including Taiwan, Hong Kong and Macau. The joint venture has a 20-year term and is exclusive to IMG and CCTV. It also marks the first time that a company based outside of China (IMG) has been chosen to participate in an exclusive, multi-year, multi-sport joint venture with CCTV.