Accumulated profits at Niall Horan firm hit €7.75m

Accumulated profits at Treaty Media, the company owned by One Direction’s Niall Horan, amounted to €7.75m as of the end of last September, latest accounts show.

Mr Horan established the Limerick-based firm in 2012 to capitalise on his superstardom and the company’s main activity is to ‘create, design, provide and produce’ entertainment.

The Mullingar, Co Westmeath, native has the largest Twitter following in Ireland at 25.4 million.

He operates the firm under the guidance of accountant to the stars, Alan McEvoy, and his Livewire Business Management vehicle.

Treaty Media had its best year to date, last year, on the back of Mr Horan’s gruelling touring schedule with One Direction, where the band clocked up €158.8m in concert receipts.

Treaty Media’s cashpile last year jumped 70% to just under €8.2m. However, the wealth at the firm doesn’t represent all of Mr Horan’s fortune as Forbes magazine last year estimated One Direction’s band earnings in 2015 alone stood at $130m (€116m).

The band’s firm is the UK-based 1D Media Ltd and the biggest hint yet that One Direction is no more is confirmation that Mr Horan and the other band members resigned from the board of the firm in April of this year.

In a recent press interview, Mr Horan said he is in no rush to get back to the entertainment world.

“I’ve been in the studio writing bits and pieces. Nothing is really in the pipeline in particular. I’m just keeping the mind ticking over and doing what I like,” he said.


Lifestyle

Keep chomping on those carrots so your eyes will be in perfect working order for that prolonged annual gaze through the keyhole as Home of the Year returns for a sixth series next week.Home of the Year offers a good excuse for a bit of good-natured interiors voyeurism

They differ from the more prevalent oranges we eat because their flesh, and often the skin, is crimson or deep red in colour.Michelle Darmody: The best time of year to buy blood oranges

The annual Members Exhibition now underway at the Lavit Gallery in Cork features 92 works from 72 artists.The exhibition runs until March 7.Under the hammer: Your guide to upcoming auctions

There’s an oriental theme at the James Adam ‘At Home’ auction in Dublin, says Des O’SullivanAuctions: Sale full of eastern promise

More From The Irish Examiner