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Breakthrough Entertainment

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Breakthrough Entertainment
IndustryAnimation
Founded1986; 38 years ago (1986) in Canada
Headquarters
Toronto
,
Canada
Websitewww.breakthroughentertainment.com

Breakthrough Entertainment is a Canadian production company founded in 1986 by Peter Williamson and Ira Levy. It produces famous Canadian TV shows such as Jimmy Two-Shoes and Atomic Betty.

History

On July 10, 2018, 9 Story Media Group acquired Breakthrough Entertainment's kids and family library and development slate.[1]

On February 1, 2022 Breakthrough Enterprises Inc. and certain related entities (collectively, “Breakthrough”) each filed an NOI on February 1. Breakthrough is a Toronto, Ontario-based television production company that produces and distributes television programming worldwide. At the outset of the COVID-19 pandemic in 2020, Breakthrough experienced interruptions in its audiovisual media productions. When shooting recommenced after the delay, Breakthrough incurred significant additional and duplicative costs that negatively impacted Breakthrough’s overall cash flow. Revenues were temporarily impacted as a result of the lack of new sales during the first year of the COVID-19 pandemic. Further, the cost and challenges of implementing and maintaining safety measures on ongoing productions had a negative impact on cash flow and the overall profitability of productions generally. As a result, Breakthrough was forced to lay off and terminate a number of its employees. It sought and was granted approval of a sale of certain development assets to a corporation controlled by Ira Levy, a minority shareholder of Breakthrough Enterprises Inc. The purchased assets consist of concepts that have not yet commenced production, and that Levy was responsible for as Executive Producer. Dodick is the proposal trustee. Counsel is Weisz Fell Kour for Breakthrough. -- This update is written by By Dina Milivojevic from insolvency insider.[2]

Information

Based in Toronto, Ontario, Canada, Breakthrough Entertainment produces a variety of programming, including primetime comedy and drama series, factual entertainment, documentaries, television movies, feature films, family entertainment and children's animation. The company has licensed programs to major broadcasters in over 200 territories, handling worldwide pre-sales, co-productions, and third-party acquisitions.[3]

Films and series

References

  1. ^ "9 Story buys Breakthrough's kids library and slate".
  2. ^ "Breakthrough Enterprises Insolvency".
  3. ^ "About Us". Breakthrough Entertainment Inc. Archived from the original on 10 January 2013. Retrieved 3 February 2013.


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