RDF Acquires Kids’ Production Outfit

LONDON, August 3: RDF is
to acquire The Foundation TV Productions, producer of The Basil Brush Show, for £4 million, payable in cash and RDF shares.

The deal includes a
deferred consideration, up to a maximum of £6 million, dependent upon the
performance of Foundation up to January 31, 2009.

The move is part of the
British independent’s efforts to expand further into kids’ and family
entertainment. The company’s director of family entertainment, Nigel Pickard,
will work closely with Foundation to develop new shows for British and
international broadcast outlets.

Foundation, based at The
Maidstone Studios, Kent, was established by Vanessa Hill and Ged
Allen in 1994.