One Direction are a multi-million pound business

One Direction are one of the most lucrative acts to be signed by Simon Cowell.

Liam Payne, Louis Tomlinson, Zayn Malik, Niall Horan and Harry Styles were put together during the 2010 series of The X Factor.

One Direction are currently on their first headline tour of America and have topped the charts in over 25 countries.

Chairman and CEO of Sony Music UK, Nick Gatfield told Music Week that the lads are big business for the company.

He said: "What you might not know about One Direction is that they already represent a $50 million business - and that's a figure we expect to double next year."

As well as making money for Cowell and themselves, the lads have about 90 people employed to look after the group.

Nick said: "The team around them - which includes musicians, stylists, producers, tour managers and so on - account for around 90 people.

"That's 90 jobs created by these five boys."

Meanwhile, even being a member of a successful boyband, did not help Horan face the disappointment of his football team's performance.

The Irish football team were playing Spain the the Euro 2012 championship.

Horan tweeted: "ya know what ireland are unreal at? lettin in goals in the first few minutes of games..class at it."

This article is powered by Well Contented Ltd

People who read this story also read

What do you think? Please Sign-in or Join to leave a comment. And check-out our House Rules so that we can all make this a better experience for everyone.