Albrecht began performing in New York City with his then-partner
Bob Zmuda at Ye Olde Tripple Inn, a bar in midtown Manhattan where they were "thrown off the stage for obscenity." They also performed at the
Improv and he went on to became a manager at the club. He did so well that the Friedmans sold a portion of the business to him, which he ran from 1975 to 1980. He would later become an agent at
International Creative Management (ICM), where he was instrumental in signing such talent as
Jim Carrey,
Keenen Ivory Wayans,
Billy Crystal and
Whoopi Goldberg. Albrecht began working at HBO in June 1985 as senior vice president, original programming, West Coast. Before becoming chairman in 2002, he spent seven years as president of
HBO Original Programming, where he directed day-to-day operations of West and East Coast original programming for HBO,
Cinemax and HBO Independent Productions and also oversaw HBO Sports and
HBO Films. From 1990 to 1995, Albrecht was President of HBO Independent Productions and oversaw development and production of comedy series for distribution on HBO and the networks, including
Martin and
Everybody Loves Raymond. Albrecht green-lit, and under his leadership, HBO became the leader in innovative entertainment and sports programming due to critically acclaimed series such as
Oz,
Sex and the City,
The Sopranos,
Six Feet Under,
Deadwood,
Band of Brothers,
The Wire and
Entourage among many others. In September 2007, Albrecht signed a three-year deal with
IMG in September to serve as head of
IMG Global Media and a special limited partner in
Forstmann Little & Company, the private equity firm headed by
Ted Forstmann that owns IMG. Albrecht and Forstmann planned to raise a $250 million fund for investments in media and entertainment content. In a statement released by IMG on August 12, 2008, Albrecht's departure was blamed on the firm's inability to raise those funds. On January 1, 2010, Albrecht joined Starz, LLC, as its president and CEO. but was not completed until January 11, 2013. As a result of the spin-off, Liberty Starz changed its name to "Starz Inc." The new stock rose 9.8% on its first day of trading. Albrecht's contract was renewed as CEO of Starz through 2020. The title of President was added effective July 1, 2016. On June 30, 2016,
Lionsgate agreed to acquire Starz Inc. for $4.4 billion in cash and stock. In February 2021, it was announced that Albrecht was moving to Legendary Entertainment. ==Personal life==