One Direction literally own 5 Seconds Of Summer

It's like the way BT owns Plusnet, and makes money from people thinking they're sticking it to BT by going to the "alternative": Each member of One Direction has a direct financial stake in 5 Seconds Of Summer.

So those people wondering if One Direction are about to be eclipsed by the Australians, worry not. They're not a challenge; just a subsidiary.

It's not clear if One Direction are attempting to own all bands whose names start with numbers, but Rocky Erickson is currently watching a powerpoint presentation being delivered by a man with a haircut.