One Direction will become $100m business empire, says Sony

The chairman of Sony Music UK, Nick Gatfield, has estimated that One Direction will represent $100m business by next year.

The forecast came at a Creative Industries Reception hosted by Sony Music UK and CBI this evening, attended by Music Week.

Gatfield talked about One Direction's current global success, demonstrated by a No.1 album in 16 countries and a No.1 DVD in 25 markets.

"What you might not know about One Direction is that they already represent a $50 million ...

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