It was reported back in January that One Direction had signed a unique new three year, three album deal with Sony Music. That was all apparently just a bit of a rumor as negotiations were still going on. On Friday (September 27) news has been confirmed that the boys will be sticking around together through at least 2016.
The new reported deal worth £10 million each with the record label means the boys will be releasing at least three more albums after their upcoming album, "Midnight Memories," between now and 2016. Two of these will be original brand new albums and the third will be a compilation of the band’s greatest hits.
A spokesperson from Syco told The Sun: “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.”
With the new contract in place, all the perks that come with that and a mostly sold-out 2014 stadium tour, the band and Simon are understandably pretty excited.
A apparent ‘insider’ told The Sun: “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.”
“The boys, Simon and their team have already started planning for their fourth album, even though the third isn’t out yet. It’s worth a lot of cash too," the 'source' continued. "They’ll get a big upfront payment worth millions then much more from record sales, tours, brand tie-ins and merchandise.”
Bottom line is One Direction doesn’t appear to be going away anytime soon. Are you excited at the thought of three new One Direction albums?