Nat Abraham & Michael McGuigan Buy Stake in Breakthrough

ADVERTISEMENT

TORONTO: Nat Abraham, the president of distribution at Breakthrough Entertainment, and Michael McGuigan, the company's chief financial officer, have joined Breakthrough founders Ira Levy and Peter Williamson as partners.

Abraham joined the company in 2006, while McGuigan began in 1999. Both execs acquired a stake in the company, the terms of which were undisclosed. The four partners will jointly determine the direction of Breakthrough, which is celebrating its 30th anniversary.

“Since Breakthrough Entertainment’s early beginnings, our company has grown tremendously and over the years Nat and Michael have contributed meaningfully to that growth,” said Levy. “As our new partners, this management team will ensure the trend continues into the future.”

“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,” added Williamson.

Abraham commented, “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.”

McGuigan remarked, “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.”