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.

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.

[7] Albrecht began working at HBO in June 1985 as senior vice president, original programming, West Coast.

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 (TV series), Sex and the City, The Sopranos, Six Feet Under, Deadwood, Band of Brothers, The Wire and Entourage among many others.

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.

[18] The Los Angeles Times reported that in 1991, HBO paid a settlement of at least $400,000 to Sasha Emerson, a subordinate of Albrecht who had accused him of choking her during a confrontation in her office.