Often described as sparking the resurgence in the boy band concept, and of forming part of a new "British Invasion" in the United States, the group have sold over 14 million singles and 8 million albums, as noted by the band's management company, Modest! Management. Their achievements include two BRIT Awards and three MTV Video Music Awards. According to Nick Gatfield, the chairman and chief executive of Sony Music Entertainment UK, One Direction represented a $50 million business empire by June 2012. They were proclaimed 2012's "Top New Artist" by Billboard, while The Huffington Post named 2012 "The Year of One Direction".
History
The X Factor, formation, and record deal
In 2010, Niall Horan, Zayn Malik, Liam Payne, Harry Styles, and Louis Tomlinson auditioned as solo candidates for the seventh series of British televised singing competition The X Factor. Failing to progress to the "Boys" category at "judges' houses", after a suggestion by guest judge Nicole Scherzinger, thus qualifying for the "Groups" category. Subsequently, the group got together for two weeks to get to know each other and to practise. Styles came up with the name One Direction. Simon Cowell later commented that the performance convinced him that the group "were confident, fun, like a gang of friends, and kind of fearless as well." Within the