entertainment

One Direction made almost £1m last year despite band splitting up five years ago


ONE Direction made almost £1million last year – despite breaking up five years ago.

Zayn MalikHarry StylesNiall HoranLouis Tomlinson and Liam Payne have been cashing in ever since finishing third on The X Factor in 2010.

One Direction still earn £1m a year - even though they're not together anymore

4

One Direction still earn £1m a year – even though they’re not together anymoreCredit: Getty Images – Getty

According to new company accounts for 1D Media and PPM Music, their financial statements reveal their latest profits have taken the net worth of their pop firms to a cool £10.2m.

The bulk of their profits have been run-up at 1D Media, which was set up in 2010.

Its accounts were signed off by manager Alan McAvoy last week and are just in on Companies House.

They report a £785,577 profit to take the net worth of the business to £7,819,089.

The boys finished third on The X Factor in 2010

4

The boys finished third on The X Factor in 2010Credit: Ken McKay

With accounts revealing £4,135,397 was held in cash at the firm, plus £5,035,744 in monies owed to the business.

These assets were offset by £1.3m worth of bills to leave the £7.8m net worth of the firm.

On top if the millions in 1D Media One Direction retain £2,371,161 in PPM Music.

This net worth was reported in accounts in October.

They shot to fame and have earned millions as a band

4

They shot to fame and have earned millions as a bandCredit: Getty Images – Getty

It was a modest increase on the £2,276,802 held in the firm in the previous year.

PPM Music launched in 2011 –  nature of business reported as ‘performing arts’ on Companies House.

Their accounts are for the year ended on December 31, 2019.

1D Media is their biggest business as it was the firm through which the boys banked most of their pop millions.

Simon Cowell with One Direction in 2016

4

Simon Cowell with One Direction in 2016Credit: PA:Press Association

Accounts for it revealing profits of more than £209.8m and reported pay to each of the five at £21.9m over the lifetime of the firm.

The firm has been controlled by Styles, Tomlinson, Horan and Payne since Malik left the group – though Malik does retain a 20% stake in PPM Music.

The five have forged solo careers since putting One Direction on hold, but have not ruled out getting back together at some point.

One Direction’s hair stylist says it was tough working on tour – because they slept with girls who worked around them





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more