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Last Updated: Thursday, 3 August 2006, 09:41 GMT 10:41 UK
Boom time for Basil Brush firm
Basil Brush
Basil Brush returned to TV five years ago after a 20-year absence
The producer of the Basil Brush children's TV show has been bought in a deal potentially worth up to 10m.

Foundation TV Productions, a leading creator of childrens' TV programmes, has been bought by RDF Media - maker of Wife Swap, Faking It and other shows.

RDF is to pay 4m upfront to take control of Foundation and could make further payments of up to 6m depending on the firm's future performance.

RDF has bought a host of businesses since listing its shares last year.

Programme range

Its acquisitions include Scotland's largest independent TV producer, IWC Media, and Welsh firm Presentable.

RDF said the latest deal would expand its offering into the children's sector, building on its existing expertise in entertainment, features and drama programming.

Established in 1994, Foundation made a 1.1m profit last year on sales of more than 5m.

Other shows it has produced include Ministry of Mayhem, Finger Tips and Eureka TV.

"Foundation is a high quality, profitable producer, managed by talented creatives," said RDF chief executive David Frank.

"When RDF floated we said we would grow and broaden the range of content we produce and we are delighted we are doing exactly that."

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