President of Distribution Nat Abraham and Chief Financial Officer Michael McGuigan acquire stake in Breakthrough Entertainment as the Canadian entertainment studio celebrates its 30th anniversary.
As Breakthrough Entertainment marks its 30th anniversary, two of the Canadian entertainment studio’s senior executives have acquired a stake in the company. Reflecting its impressive year-to-year growth and cementing a steady path for continued future success, Nat Abraham, President of Distribution and Michael McGuigan, Chief Financial Officer have joined Breakthrough founders Ira Levy and Peter Williamson as partners.
Both long-time senior executives with Breakthrough Entertainment, Abraham joined the company in 2006, while McGuigan began his tenure in 1999. The four partners will jointly determine the direction of Breakthrough as the company continues to chart its course within the expanding global Entertainment industry.
“Since Breakthrough Entertainment’s early beginnings, our company has grown tremendously and over the years Nat and Michael have contributed meaningfully to that growth. As our new Partners, this Management team will ensure the trend continues into the future,” said Levy.
“With their extensive industry experience Nat and Michael will continue to strengthen Breakthrough’s position as a world leader in the production and distribution of globally relevant programming,” said Williamson.
Established in 1984 with a popular live action children’s series as its initial entry into the worldwide television marketplace, Breakthrough Entertainment has burgeoned into one of Canada’s most prolific television, film and digital media production and distribution studios responsible for numerous globally successful series for primetime, documentary and reality series, kids programming and theatrical feature films. As a distributor, Breakthrough ranks among the top entertainment resources for all media platforms, including broadcast, cable, satellite, OTT and the Internet.
“Breakthrough is already a highly recognized company worldwide. This is a powerful opportunity to focus our combined energies to serving a broader range of our customers with industry-leading content and cross-platform applications,” said Abraham.
“We are grateful to Ira and Peter and excited to help steer the company through the emerging and evolving technologies this industry is embracing. We look forward to solidifying our position as a leader in the exploding market for digital content such that viewers worldwide can access our content seamlessly on various platforms,” said McGuigan.
Terms of the transaction were undisclosed.
Source: Breakthrough Entertainment
Jennifer Wolfe is Director of News & Content at Animation World Network.