Since most boy bands disappear within 5 years, One Direction may as well go all out. I doubt they will break the record. Cant see them playing to more people and commanding higher ticket prices.
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This is exactly what they were created to do. They are a low risk, business model product pandering to the popular demographic.
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As for One Direction, they are not even close to being able to match U2's record let alone gross a billion. There run of stadium shows is impressive, but as it currently stands, they will gross about $250 million, only about 1/3 of what U2 grossed on 360. They would need to play over 200 shows to beat 360 with the stadium configuration they are using and the ticket prices they are charging.
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I wonder if they are including the 2013 tour which just ended in November as part of this mega tour that's going to gross $1 billion? Because the 2014 tour in itself surely wouldn't do that. OD seem to be more popular in the UK, about even in the US, are playing more shows in South America (U2 could probably tour in places like Columbia, Peru, Uruguay also), and aren't playing as many in Europe as U2 did.
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Even if you added in all the shows One Direction has played to date in their career that would only add $150 million to the 65 shows their schedule for next year. So their total career gross at the end of 2014 would be about $400 million. That's still way below 360's $736 million gross and no where near $1 Billion dollars in gross. They would need to add another 100 stadium shows just to reach a career total gross of $800 million and about 150 stadium shows to reach a career gross of $1 Billion dollars.
There has never been a 215 date stadium tour. The most stadium shows ever on a single tour is 128, which was the Rolling Stones Voodoo Lounge Tour.