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On 5th album, One Direction satisfies
Despite the imitation game, One Direction’s strength has always been the vocal arrangements and the satisfying pop hooks the lads bring.
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Sales of the band’s albums, concert tickets and merchandise led the band to a pretax profit of £45.4 million, 10-times the previous year’s figure, while its costs have gone down, according to trade publication Music Business Worldwide. They paid 18% of their revenue in corporate tax.
One Direction’s tax statement should keep fans occupied while they await the new album.
The accounts, filed under the name 1D Media Limited, were signed off by the band’s oldest member and director, 22-year-old Liam Payne.
News of their earnings comes weeks after Facebook’s British arm came under fire for paying just £4,327 in United Kingdom corporation tax in 2014.
When asked about the band’s position upon release of “Made in the A.M.” alongside Justin Bieber’s “Purpose”, Gale added, “Their fan bases obviously overlap, but it’s expected to be really, really close”.
The four-piece band – which Zayn left in March – have released their first album since his departure today (13.11.15) titled ‘Made In The A.M.’ but Niall Horan admitted the group haven’t received any well wishes from their former bandmate.
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However, such healthy band profits are not likely to be sustained in the immediate future, with the band set to take a break to pursue solo projects.