PSY’s ‘Gangnam Style’ YouTube Video Generates $8 Million In Ad Revenue

The “Gangnam Style” trend may be dead and gone, but PSY has helped YouTube make a handsome amount of money.

Google earned more than $8 million in advertising revenue from the global hit video, said Senior Vice-President and Chief Business Officer Nikesh Arora on Tuesday during an earnings call. PSY’s viral video became the most watched YouTube video of all time in December. Six months after PSY uploaded the video that became a global phenomenon, it is still being viewed around 7 to 10 million times per day.

Quartz calculated the numbers behind “Gangnam Style” and said that for each view, it generates on average 65 cents in revenue. Google and PSY split the ad revenues in half, which would give PSY and his record company a cool $4 million. The Associated Press estimated last year that PSY made $8.1 million not only from ad revenue from the “Gangnam Style” video on YouTube, but also from music downloads and television ads.

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