In 1995 Reg Grundy sold the company to Pearson Television, now known as Fremantle, part of the RTL Group (in turn majority owned by Bertelsmann).
Reg Grundy's started his media career in radio, before moving to television producing Wheel of Fortune which launched on Nine Network in 1959.
He created and operated local, independent television production and distribution companies in Europe, Asia and North and South America.
Grundy Productions Italy – Italian division, which was founded in 1980 and produced programs like Furore and Un posto al sole, now known as Fremantle Italia SpA.
The company also produced Time Machine (a history-themed game show similar in format to The Price Is Right) and Scattergories for NBC, Bruce Forsyth's Hot Streak for ABC and Small Talk for The Family Channel.
Frequent announcers of the company's game shows included Jay Stewart, Don Morrow, Gene Wood and Charlie Tuna.
The company also produced re-edited versions of the highly successful soap operas Prisoner and on some markets Neighbours In the United States, RGP was headquartered in west Los Angeles, near Century City, and was responsible for launching the career of television and talent agent entrepreneur, Sean Perry, whose father Jim Perry, hosted Sale of the Century, the company, along with Mark Goodson Productions, is now defunct and folded into Fremantle North America.