Thursday, May 24, 2018
ATLANTA, Ga. (May 24, 2018) – IMG College Licensing today announced a multi-year extension of its partnership with the University of North Carolina at Chapel Hill and the commencement of a new partnership with NC State University to manage each school’s trademark licensing program. The new NC State agreement has an initial term of four years, while the new UNC-Chapel Hill agreement extends the partnership until 2025.
In a unique collaboration, IMG College Licensing was selected through a Request for Proposal issued jointly by the two universities. Though each institution made its own decision based on university-specific criteria, it marked the first time the universities have teamed together in the management of their brands.
“IMG College Licensing’s strategic brand management, trademark enforcement and innovative data analysis will serve NC State well in accelerating our licensing program to higher levels,” said Gregg Zarnstorff, Director of Trademark Licensing for NC State. “Utilizing their expertise and systems will allow us to align product, licensees, and retailers in providing quality NC State Wolfpack merchandise to our alumni, fans, and supporters.”
Both NC State and UNC-Chapel Hill have access to IMG College Licensing’s innovative tools and systems, as well as customized retail strategies and national brand protection network, to assist in managing and marketing their licensing programs.
“IMG College Licensing has long provided us with the program insights and industry expertise to help us effectively manage our licensing program in ways that align with the University’s goals and principles,” said Derek Lochbaum, UNC-Chapel Hill’s Director of Trademarks and Licensing. “After more than 35 years of partnership, we trust that they understand the Carolina brand, and we look forward to many more years of their assistance, as we work to deliver the highest quality products to Tar Heel fans and supporters.”
“We are honored that NC State has entrusted our IMG College Licensing team to help guide the future of the Wolfpack brand and that UNC has extended our long-term partnership” said Cory Moss, SVP and Managing Director of IMG College Licensing. “UNC-Chapel Hill was one of the first schools to strategically manage its brand by leveraging IMGCL’s data and systems, and we look forward to providing the same support and resources to NC State.”
UNC-Chapel Hill, which has been a partner of IMG College Licensing since 1982, is coming off three consecutive years of royalty revenue growth, with a record year in fiscal year 2017 following its basketball National Championship. Carolina merchandise is carried in more than 3,600 retailers across the globe.
IMG College Licensing currently represents the trademark licensing rights of nearly 200 colleges, universities, bowl games, athletic conferences, the NCAA, the College Football Playoff and other college sports properties.
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About NC State University
NC State University creates prosperity for North Carolina and the nation. From its start as a land-grant institution grounded in agriculture and engineering, NC State today is a preeminent research enterprise that excels across disciplines. More than 34,000 undergraduate and graduate students learn by doing – pursuing original research, starting new companies, forging connections with top employers, and serving local and global communities. Through it all, they enjoy an outstanding return on investment. Each year, NC State adds $6.5 billion to the statewide economy, equivalent to creating more than 90,000 new jobs. That represents significant return on investment for the citizens of North Carolina in the form of research advances, innovative technologies, successful companies, skilled graduates and new jobs waiting for them. NC State's 9,000 faculty and staff are world leaders in their fields, bridging the divide between academic disciplines and training high-caliber students to meet tomorrow’s challenges. Together, they forge powerful partnerships with government, industry, nonprofits and academia to remake our world for the better.
About the University of North Carolina at Chapel Hill
The University of North Carolina at Chapel Hill, the nation’s first public university, is a global higher education leader known for innovative teaching, research and public service. A member of the prestigious Association of American Universities, Carolina regularly ranks as the best value for academic quality in U.S. public higher education. Now in its third century, the University offers 77 bachelor’s, 111 master’s, 65 doctorate and seven professional degree programs through 14 schools and the College of Arts and Sciences. Every day, faculty, staff and students shape their teaching, research and public service to meet North Carolina’s most pressing needs in every region and all 100 counties. Carolina’s more than 323,000 alumni live in all 50 states, the District of Columbia and 149 countries. More than 169,000 live in North Carolina.
IMG is a global leader in sports, fashion, events and media, operating in more than 30 countries. The company manages some of the world’s greatest sports figures and fashion icons; stages hundreds of live events and branded entertainment experiences annually; and is a leading independent producer and distributor of sports and entertainment media. IMG also specializes in sports training and league development, as well as marketing, media and licensing for brands, sports organizations and collegiate institutions. IMG is part of the Endeavor (formerly WME | IMG) network.
Tammy Purves, IMG College Licensing
(404) 932-3266 or email@example.com
Mike Scanlan, IMG
(216) 436-3544, firstname.lastname@example.org