One Direction have signed a big money contract which will see them continue until at least 2016.
The 'Best Song Ever' boy band - consisting of Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson - are set to pocket £10 million after agreeing to a major new deal with Simon Cowell's Syco and record label Sony for three more albums.
1 October 2013
The group, who are set to release their third effort 'Midnight Memories' in November, will follow up the record with two more studio albums and a greatest hits collection. They will also embark on more world tours in addition to their 'Where We Are' world tour next year.
A source told The Sun newspaper: "This is a big deal for Simon and the lads. It shows confidence that they have a long-term future and that a split or members going solo is highly unlikely. It will easily keep them busy until the end of 2015 and probably 2016 too.
"It's worth a lot of cash too. They'll get a big upfront payment worth millions then much more from record sales, tours, brand tie-ins and merchandise."
The 'Little Things' hitmakers have enjoyed huge success since shooting to fame in 2010 on the UK version of 'The X Factor'. Their merits include two hit albums, two tours and a recently released 3D concert movie.
A spokesperson for Syco confirmed the news, saying: "Simon Cowell and One Direction are delighted to confirm they have agreed to continue their hugely successful relationship with a new long-term agreement with Syco. Simon and the band look forward to many years of continued success together."
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