Louis Tomlinson and Niall Horan ‘UNFOLLOW Simon Cowell on social media’ after he revealed his biggest regrets from managing One Direction

Louis Tomlinson and Niall Horan recently ‘unfollowed’ Simon Cowell on Instagram following his recent interview in which he revealed his regrets over managing One Direction.

The music mogul, 64, created the boy band, made up of Harry Styles, 30, Zayn Malik, 31, Liam Payne, 30, Niall, 30, and Louis, 32, on The X Factor in 2010.

Simon revealed that he regretted renaming the band One Direction, which meant he couldn’t continue the legacy after they split.

And according to The sunthe two stars have cut ties with their former boss just days after his interview on Steven Bartlett’s podcast Diary of a CEO broadcast.

At one point during the two-hour interview, Simon issued a stern statement to the boys and said he would relinquish the rights to them.

Simon, 64, revealed he regretted renaming the band One Direction – meaning he couldn’t continue the legacy after they split

The music mogul created the boy band, consisting of Harry Styles, 30, Zayn Malik, 31, Liam Payne, 30, Niall and Louis, in 2010 on The X Factor (pictured in 2010 on X Factor)

MailOnline has contacted Louis and Niall’s representatives for comment.

Simon signed the band to his label Syco Music after the show ended and they became one of the best-selling boy groups of all time.

However, in 2015, Zayn left to pursue solo music and a year later the remaining members split for good.

“My only regret is that I should have owned the name,” Simon said. “They own the name. I could have made an animation or something.

“So if you listen to One Direction, I’ll buy it back from you!”

When asked by Steven whether the pop stars each owned 20 percent of the name, Simon said he could not remember the exact arrangement, but that new content, such as films or TV shows, relating to the band could not be approved without consent of each member.

Simon is planning to organize a new competition this year to find the next big boy band, as he believes no band has matched One Direction’s success.

And after admitting he regretted the name One Direction, he vowed not to make the same mistake again this time.

He said, ‘That was me being very naive. Next time I have to own the name.”

Simon also revealed the first piece of advice he gave to Harry, Zayn, Niall, Liam and Louis as they embarked on their success.

Niall (left) and Liam (right) have cut ties with their former boss, just days after his interview on Steven Bartlett’s podcast Diary Of A CEO aired

At one point during the two-hour interview, Simon issued a stern statement to the boys, saying he would respect their rights.

Simon signed the band to his label Syco Music after the show ended and they became one of the best-selling boy groups of all time (pictured in February 2012)

When asked by Steven whether the pop stars each owned 20 percent of the name, Simon said he could not remember the exact arrangement, but that new content, such as films or TV shows, relating to the band could not be approved without consent of each member

In 2015, Zayn left the band to pursue solo music and a year later the remaining members split for good (pictured in November 2014)

“It was clear as soon as they went on the show that they were going to be really, really successful,” he said. ‘They were the perfect group. They made a lot of money.

“I told them never to complain about paparazzi because they will take pictures of you, not to complain about invasion of privacy because people always want to take pictures with you, and not to complain about the long hours.

“I told them that if any of the above are going to be a problem, then they need to do something else because all of this is going to happen. I told them about the grueling schedule – it comes with the territory. It’s just part of it, you lose a lot of privacy.’

He added: ‘If you want to be an accountant you won’t have any of these problems, but it won’t be as much fun.’

On Tuesday, Simon was seen putting up a giant billboard of his own face in an attempt to generate publicity for his new show.

The music mogul surprised passers-by in London when he erected the giant poster to launch his nationwide hunt for the next big boy band.

Dressed in dungarees, the head judge with bucket and brush in hand.

He left Londoners shocked when he smoothed over a giant poster of his own face with the words ‘Simon needs you’. Future megastars wanted for new boy band. No time wasters.’

In March, it was revealed that filming had reportedly already begun in Britain, in partnership with production company Box To Box films.

Sources said The sun that Simon was involved in a bidding war after first pitching the show, with Apple and Prime Video also keen to get involved.

However, they said he had subsequently entered into talks with Netflix and was ready to sign a major deal, and had already forcibly joined a PR firm to prepare for the show’s announcement in the coming weeks .