“Gangnam Style” on YouTube by the Korean rapper Psy has racked up a total of $8 million in advertising revenue, Google has revealed.
According to reports, Google Senior VP and Chief Business Officer Nickesh Arora said during Google’s earnings call that the video which has become a worldwide viral hit has “generated over $8 million in online advertising deals.
On YouTube, a video’s creator gets half of all the advertisement revenue generated by his or her video. This means that Psy and company have netted over $4 million from the “Gangnam Style” video alone.
Uploaded on YouTube in July 15 of last year, “Gangnam Style” overtook Justin Bieber’s “Baby” in views towards the end of November.
Roughly a month later, the video made history again by being the first ever video on YouTube to pass the 1 billion views mark.
Of course, “Gangnam Style” has earned Psy more than revenues generated through YouTube as the rapper now has more engagements, concerts, merchandize sales and also track sales.