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One Direction 'get £2m Syco investment'

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X Factor 2010 Final: One Direction

© ITV

Simon Cowell's record company Syco has reportedly invested £2 million in X Factor boyband One Direction.

According to The Sun, the advance makes the group Syco's main global priority for 2011.

A source told the newspaper: "They are in the States to meet top producers and songwriters before they start recording material for their debut album.

"Even The X Factor finalist usually waits nearly a year to release their material but Simon is keen to get One Direction cracking.

"They are getting stuck in and will put out a first single this spring. Then hear the cash register chime."

As part of their deal with Syco, each of the boyband members was reportedly only paid an initial £8,000.

Yesterday. it was claimed that One Direction's debut single will be released on March 13.

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