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Incendo Co-Founder Stephen Greenberg Steps Down, Sells Stake

Jean Bureau becomes president and sole shareholder of Canada's largest TV distributor through a pact with Twentieth Century Fox -- Fox/Incendo Television Distribution.

TORONTO – Stephen Greenberg is leaving the Canadian indie producer and distributor Incendo, handing over full ownership to co-founder Jean Bureau.

Bureau becomes president and sole shareholder of Montreal-based Incendo after 12 years in business with Greenberg, who will become an industry consultant.

Besides making TV movies in Montreal, Incendo is Canada's largest TV distributor through a joint venture with Twentieth Century Fox -- Fox/Incendo Television Distribution.

The company also handles theatrical distribution in Quebec for Paramount films.

“This was not an easy decision for me, but I have decided to step down and hand the reins over to my partner, Jean Bureau,” Greenberg said in a statement. “I wish Jean the very best and offer him my full support so he can ensure a great future for a company I helped build."

Greenberg's family also controls Astral Media, the subject of a $3.3 billion takeover bid by phone giant BCE.