One Direction is signed to two major record labels, Syco Entertainment and Columbia Records, and became famous after appearing on the X-Factor in 2010. Their target audience is females ages 18-29 living in urban areas. They sell various merchandise including CDs, t-shirts, and tour tickets.
Lanterns on the Lake is signed to the independent label Bella Union and became known for their EPs and single before signing. Their target audience is similar to One Direction's. They sell CDs, posters, and vinyl.
Independent labels have more artistic control but less resources, while mainstream labels provide broader marketing but take a larger cut of sales. Merchandise and ancillary products are important for engaging