2:27 pm - 12/25/2012

PSY Earns Huge Money on YouTube

PSY‘s “Gangnam Style” music video was the first ever video to hit one billion hits on YouTube. PSY earned an estimated $1,950,000 USD from his music video that went viral.

To-date, PSY’s “Gangnam Style” music video has garnered over one billion views on YouTube. Every 1,000 views on the video earns two dollars.

You Tube has emerged as the new site of choice for teenagers wanting to listen to music. According to a Nielsen study, artists now use You Tube as a new income-generator. The article also reveals, “Adding to PSY’s income, he also made $3,960,000 from downloads and $50,000 from music replays. In total, he has earned $6,000,000 from YouTube alone.
[OP note: billboard clears this up via nielsen soundscan data... the downloads and replays are on other platforms, not yt]

At the beginning, the Billboard website stated that they were not expecting that PSY’s music video would pass the one billion viewer mark. However, after surpassing Justin Bieber‘s “Baby” viewer records, it became the most watched video on You Tube.

PSY’s mega-hit reached this unprecedented milestone just 27 days after surpassing Justin Bieber‘s “Baby.”

In the days after its breaking the 803 million YouTube record, “Gangnam Style” continued to generate over 6.5 million hit per day.

Source: Soompi

amazed that the viewcount is still going up so dramatically: 76 view per second... and $2 per thousand views, not sure if i knew that

here's a press release from nielsen on their Music 360 report (the "study" mentioned above). a little confused by the implication that yt downloads made him nearly $4MM but i haven't read the report. here's the billboard article Soompi seems to be citing.

bonus: opera-style cover from Slovenia via LA Times

Source: Jure Godler/godlerifikacija
keepingfive 25th-Dec-2012 11:07 pm (UTC)
oppar's paid ~
purekpopology 25th-Dec-2012 11:11 pm (UTC)
This might sound weird, but I'm actually worried about PSY becoming so *M*E*G*A* RICH all at once. I just don't know how being a celebrity in Korea translates to being a celebrity in Hollywood. I hope mentally, he's ready for all this attention and fame and wealthy and jfkdslfjasdkl. WORRIED ABOUT PSY TBH!!
blackstarnebula 25th-Dec-2012 11:16 pm (UTC)
He was always rich though, his family is very wealthy so I'm not sure if he'll have a problem managing his money.
45s 26th-Dec-2012 02:03 am (UTC)
purekpopology 26th-Dec-2012 02:13 am (UTC)
rich as in millions of dollars or just well off? I think there's a big difference between being wealthy, and being a multimillioniare.
mjspice 26th-Dec-2012 02:55 pm (UTC)
That's what I thought too. That might explain why he's still so down to earth.
rikayla 26th-Dec-2012 09:56 pm (UTC)
goshipgurl 25th-Dec-2012 11:27 pm (UTC)
I think he can handle all the fame and the money better than some of the younger idols.
purekpopology 26th-Dec-2012 02:14 am (UTC)
oh definitely. since he's older, he'll be more mature (we hope), but I think it could be hard on anyone.
zui_circus 25th-Dec-2012 11:46 pm (UTC)
OMFG that opera version!!! hilarious!!!!!!!!!!!!!!
fantaesticbaby 26th-Dec-2012 12:13 am (UTC)
aw i'm so happy for him! Congrats Psy ^^
ashiva 26th-Dec-2012 12:23 am (UTC)
I think he's also earning ad money from all those yt videos that are using his song via youtube licensing deal.
aifurikuri 26th-Dec-2012 02:00 am (UTC)
That opera version is A+. Get it Psy!
45s 26th-Dec-2012 02:03 am (UTC)
stay paid psy
hisjulliet 26th-Dec-2012 02:25 am (UTC)
get that green
royu_kiyo Damn it to hell!26th-Dec-2012 02:54 am (UTC)
I want his paycheck. Fuck my minimum wage job.
nobodyelse_care 26th-Dec-2012 04:38 am (UTC)
You get money based on how many views you have!? Wow, the more you know...

Anyways, congrats Psy. You earned it.
goshipgurl 26th-Dec-2012 03:54 pm (UTC)
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<iYou get money based on how many views you have!? Wow, the more you know...</i>

thats how all these youtube gurus earn their bucks bb
dbil 26th-Dec-2012 05:16 am (UTC)
CPM for YouTube is higher than that. He probably made more than $2 million over how many views he got.
candytouch 26th-Dec-2012 01:17 pm (UTC)
i'm happy for psy but gangnam style is now my father's ringtone and i kind of want to cry a little
mjspice 26th-Dec-2012 02:54 pm (UTC)
Get dat moneh Oppa!
nana_the_dwarf 26th-Dec-2012 09:21 pm (UTC)
Awww yeah!
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