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One Direction has ownership stake in 5 Seconds of Summer to get share of profits

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The members of One Direction are profiting from the worldwide success of Australian pop/rock band 5 Seconds of Summer because One Direction has an ownership stake in 5 Seconds of Summer. The Sunday Mirror revealed this information in an article published on Aug. 10, 2014.

According to the Mirror, Liam Payne and Louis Tomlinson are the One Direction members who stand to make the most money from 5 Seconds of Summer because Payne and Tomlinson are directors of the One Mode Productions company that registered the 5 Seconds of Summer trademark. One Direction's Harry Styles, Zayn Malik and Niall Horan own 50 percent of the profits, with a 10 percent share each in the company. 5 Seconds of Summer members Calum Hood, Ashton Irwin, Michael Clifford and Luke Hemmings are the other partners. Richard Griffiths and William Bloomfield of Modest! Management, which manages both bands, are also directors of One Mode Productions.

5 Seconds of Summer has been an opening act for One Direction's world tours in 2013 and 2014. Members of One Direction have also been actively promoting 5 Seconds of Summer in social media. The exposure proved to be valuable for 5 Seconds of Summer, which hadn't even released any music the first time that the band toured with One Direction. Since then, 5 Seconds of Summer has had No. 1 hits in several countries.

One Direction is the world's biggest-selling act to emerge from "The X Factor." One Direction came in third place on "The X Factor" U.K. in 2010. As of July 2014, One Direction has sold 45 million singles, albums and DVDs worldwide, according to Sony Music. One Direction also makes millions from touring and merchandise.

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