One Direction members share €35m profit

Niall Horan and the other four members of boy band sensation One Direction shared a profit of £28.12m (€35.7m) last year.

Accounts just lodged by the band’s ID Media Ltd with Companies House in Britain show the band was quick last year to convert their fans’ adoration into hard cash, with each of the band members paying themselves over £105,000 per week last year.

The figures show that Mullingar native Horan, along with the other band members — Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson — paid themselves an average of €7.14m each for the year.

The 2013 pay for Horan, who is just 21, makes him Ireland’s best paid 20-something. The accounts disclose that the highest unnamed director was paid £5.63m.

The £28.18m for the five who serve as directors on the firm last year followed the band members paying themselves £10m or £2m each on average for 2012.

The massive jump in pay for Horan and the others follows revenues sky-rocketing at ID Media Ltd from £18m in 2012 to £49m last year.

This followed the band’s sellout world tour that included sellout dates at Dublin’s Three Arena in March of last year.

The band’s hectic touring continued into 2014 when they began their money- spinning Where We Are tour that began in April this year, taking in three soldout dates at Croke Park.

The tour is estimated to have grossed $290m (€230m) in box office receipts this year with total attendance of 3.4m.

The band shows no sign of letting up and recently announced a 22-date stadium tour for Australia, Asia, the Middle Eas, and South Africa between February and April of this year.

The band also added to its coffers last year with the release of its third album, Midnight Memories that became the biggest selling album worldwide in 2013, clocking up 4m sales.

The band recently announced that they will be releasing their fourth album, Four, next month.

The figures show that pre-tax profits at 1D Media Ltd last year increased more than fourfold going from £1.1m to £4.86m.


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