Adam and Dan discuss a physiotherapy deal, a couple of Insider Rich Lists and plans for a new music studio in Newcastle.
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00:00A physiotherapy deal, a couple of rich lists and plans for a new music studio in Newcastle featuring today's business briefing.
00:13I'll kick us off this morning Dan with big plans for Newcastle.
00:17Warner Music UK, the entertainment and music giant, has confirmed plans for a new studio in the North East.
00:24The project follows months of planning between Warner Music and Generator, which is an organisation dedicated to nurturing talent in the region.
00:33Both Generator and Warner Music said the investment will be substantial and bring world leading recording and producing facilities to the North East.
00:44It's dubbed Warner Music Newcastle as a working title and it will include recording studios, podcast studios and other general collaborative spaces for the production of creative content.
00:56The exact location is yet to be confirmed but we'll certainly be keeping an eye on that because I'm sure it will be announced shortly.
01:05Maybe that will encourage some up and coming music talent in the North East, maybe a new Sam Fender, who knows?
01:10Yeah, it's definitely good for the region you know, creates more opportunity for that part of the country.
01:15Before we move on, I just wanted to mention the Scotland Dealmakers Awards were last night and from what I hear everyone had a great time and you can look at the winners on our website now.
01:25You've actually got a big deal for us yourself haven't you Dan?
01:27I've got a physiotherapy deal actually, so Sarno Physiotherapy which is based in Leeds, they've acquired a counterpart which is based down in Oxford.
01:35It's not every day you see a Yorkshire South East deal, there you go.
01:38Tops Health was established 40 years ago, provides a range of services such as sports massages and Pilates classes as well.
01:45Their acquisition will expand Sarno's presence in the South and support their direct-to-go strategy.
01:50It's an especially interesting acquisition because according to companies, private healthcare like this is growing in demand due to the length of the NHS waiting lists.
01:58These deals provide consumers with more options for private physiotherapy which will help to meet that sort of rising demand as well.
02:06Obviously going private can be expensive but speaking of expensive, we're going to finish off on a couple of rich lists as well.
02:12We are which have been very popular on our site recently.
02:14If you've been following the Midlands newsletters, you'll see a couple of stories related to the latest rich list which can be found in the latest edition of Midlands Business Insider.
02:24We looked at the initial reveal and the under 42s and today we're profiling the power couples in the Midlands.
02:32A range of industries are represented including the likes of construction equipment with the list topped by Lord and Lady Bamford of JCB.
02:39As well as fashion with Sir Paul and Lady Smith featured in the power couples list.
02:44Paul Smith has actually addressed everyone from David Bowie and Harrison Ford to the likes of Jenny Ortega and Noel Gallagher.
02:51So some big names.
02:52Definitely.
02:53You've got your own rich list to talk about as well.
02:55I've been looking at the top 10 richest people in the Southeast under the age of 42.
02:59The youngest person on that list is 28 year old Daniel Knight who has made a fortune of 56 million pounds in the computer games industry.
03:06I know you like your games.
03:08He's best known for creating the paranormal video game Phasmophobia.
03:11Do you know what that phobia is?
03:12I have no clue.
03:13It's a fear of ghosts.
03:14Makes sense.
03:15Don't worry, I had to Google it as well.
03:16But top of the list is Chris Phillips.
03:18He's aged 39 with an estimated fortune of 190 million pounds.
03:23He owns 81% of the shares in Just Develop It which he founded in 2008 which is a technology property investment company.
03:30And owns 400 properties across the UK.
03:33But that's all I'm going to reveal for now.
03:35If you want to see the full list please check out the story on our website InsiderMedia.com
03:39where you can also subscribe to our magazines to see all the rich lists and find out more about the stories we've spoken about today.
03:46And also find out about upcoming events as well.
03:53Insider Media