Look for more 1D albums, videos, tours and merchandise through 2016, with Liam, Niall, Zayn, Louis and Harry making out quite nicely from the deal.
A source tells The Sun, "It's a really clever contract that the boys have signed up to. It means they have a real incentive to tough it out and stick together."
The source adds, "The formal length is for 36 months and an album a year--but the clever part is they get the big pay day after the three years."
The contract reportedly keeps them together as a group, with the source adding, "If one of them walks away before then, then all five miss out on the money. They don't miss out on a few quid either, we are talking millions."
Meanwhile, Directioners are working overtime to get One Direction's "Kiss You" music video some major views--looking to break 11 million views in 24 hours.