One Direction To Release At Least Three More Albums By 2016: 'They'll Receive A Huge Payout'

Boys on lucrative new, extended record deal

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One Direction will bring their discography up to a total of five studio albums by 2016 if they want to receive a massive payout, according to a report.

The boyband - Harry Styles, Liam Payne, Louis Tomlinson, Zayn Malik and Niall Horan - have already released two LPs in two years, and have reportedly extended their record deal so they can bring out a further three in as many years.

Their third album is currently being recorded, and will be released at the end of the year.

An insider said of the new deal with Simon Cowell's Syco label: "The type of contract the boys are on means they’ll receive a huge bonus if they complete the five-album deal by 2016.

The One Direction boys on tour (WENN)

"It is a massive incentive to tough it out, work hard and stick together."

As far as their third LP is concerned, tracks are reportedly being laid down in hotel rooms, their tour bus and makeshift studios as they tour the world with tracks from their second record.

"Everyone has agreed to work as hard as possible and make as much money over the next few years before taking time out to pursue other things," the insider went on. "Everything is being done to make sure the lads are taken care of and aren’t overworked.

"But at the end of the day they know it’s in their best interests to keep working hard while they are so popular."

Are you excited for three more 1D albums?

One Direction waxworks unveiled

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Harry Styles' new waxwork (WENN)