Breakthrough co-founder to step down after buyout | Major Businesses | Business
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With the completion of Breakthrough Entertainment’s management buyout, Peter Williamson, executive producer and co-founder at the content production company, is stepping down.

Peter Williamson 24 oct 2018Established 35 years ago, Breakthrough is a producer and distributor of premium content for worldwide audiences and its entertainment studio’s operations include the development and distribution of feature films, television series and digital content, as well as international co-productions and production services. The company’s library now boasts over 40 feature films and 4000 television episodes which air on major networks and digital channels across the globe.

Williamson started Breakthrough with Ira Levy. After graduating from the London International Film School, the pair went on to form a partnership that oversaw the production and distribution of thousands of hours of television content, as well as film production and distribution.

As per the terms of the buyout agreement — for which financial details have not yet been disclosed —Michael McGuigan, CFO, and Nat Abraham, president of distribution, have taken control of Breakthrough

The exec will continue to oversee the development of Coppermine, a film currently in co-development with Buffalo Gal Pictures.

“Leaving Breakthrough is bittersweet,” he said. “I’m proud of all that we have achieved over the better part of four decades, and am confident that Michael and Nat will lead Breakthrough into a bright future.”

“Peter has always been a consummate professional in the television and film industry and he will surely be missed at Breakthrough. However, we are excited about continuing the legacy that Peter has helped build and moving the company forward as a leading producer and distributor of premium content,” said Nat Abraham and Michael McGuigan, in a joint statement.