PSY becomes millionaire thanks to Gangnam Style

South Korea's Park Jae-sang, 34, internationally known as Psy, is about to become a millionaire, but not for the music royalties from their own country, but sales of the rest of the world. The Gangnam Style approaching one billion views on YouTube. From advertisers and downloads YouTube iTunes, Psy and his team get at least $ 7.9 million this year, according to an analysis by The Associated Press with public information and industry estimates. In South Korea will get less than $ 60,000 from the sale of their music online. The figures underscore a change in the way money is now in the music industry and is expected to even greater sum comes from television commercials. With its catchy rhythm and pace of the song Gangnam Style horse is the most viewed video in YouTube history: more than 880 million times since its launch in July. The YouTube video surpassed Justin Bieber with Baby, which has been viewed more than 808 million times since February 2010. Psy's official channel on YouTube, featuring his songs and videos taken in concert, has a thousand 300 million views. TubeMogul, a trading platform for buying video online, estimated Psy YG Entertainment and his agent have won $ 870,000 as its share of the profits of the commercial you see on YouTube videos. The video service owned by Google Inc. The remains approximately half. Psy and YG Entertainment also earn money from the views of the videos that parody his songs.

• 2012-12-07T17:12:40+00:00
• Duration: 01:50

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