IMG operates joint ventures with four major partners in four key emerging markets—Brazil, China, India, and Turkey. IMM (Brazil, former IMX), CC-TV IMG (China), IMG Reliance (India) later Reliance buyout all stake and made it RISE Worldwide and IMG Dogus (Turkey) all work to develop sports, fashion and entertainment properties in their respective territories.
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Holy Moly! IMG has joint ventures with very large corps which appear to control a wide swath of multi-sector businesses.