PSY's "Gangnam Style" Generated $8 Million in YouTube Ad Revenues

The statistics stemming from PSY’s “Gangnam Style” continue to mesmerize, as today Google has shared that the viral phenomenon has generated over $8 million (£5 million) in ad revenues via YouTube since going online last summer. Having already set the record for “Most Likes on YouTube” and becoming the most-watched video ever on YouTube, the single has also generated profits through download revenues and sync deals, meaning that the tune is bringing in some major dollars for the Korean pop star. With “Gangnam Style” totaling nearly 1.23 billion views, the stat suggests that the video was earning $6.50 for every 1000 streams. Serving as an accomplishment definitely worthy of praise, it’ll be interesting to see how he plans to follow-up this massive track.