Over the past two years, 5 Seconds Of Summer have ascended to the chart-topping heights of pop music, and One Direction have played a vital role in that journey since the beginning. But according to a new report, the lads have more than just a personal stake in 5SOS’ success.
On Friday (October 3), Billboard confirmed that the five members of 1D — Niall Horan, Harry Styles, Liam Payne, Zayn Malik and Louis Tomlinson — collectively hold a 50-percent stake in the London-based company known as 5SOS LLP.
Based on those shares, each of the “Steal My Girl” singers has earned approximately $25,000 based on the Australian pop-punk outfit’s music sales alone, Billboard estimates.
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This means that 5 Seconds Of Summer — made up of Ashton Irwin, Calum Hood, Luke Hemmings and Michael Clifford — weren’t the only ones benefiting from the exposure and sales boost they received by touring with the British-Irish boy band. (The “Good Girls” singers served as one of the opening acts on 1D’s Take Me Home Tour in 2013 and Where We Are Tour in 2014.)
One Direction’s investment in 5SOS’ future was an investment in their own, or as one anonymous insider told Billboard: “They’re going to put someone on as the opening act on the tour anyway, why not put somebody that they have a financial interest in?”
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This is a good place to keep your 5SOS money.
One thing’s for sure: All nine of these guys are making bank regardless and probably won’t face having their electricity turned off due to a late payment any time soon. (Unless, it’s like the electricity on the sixth house Harry Styles forgot he owns. Eh. It happens.)
So, 5SOSFam and Directioners? What do you think? Are you surprised? Does their relationship feel too manufactured? Or do you think the guys just have good business sense? Let us know in the comments below.
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