Million Dollar Man

Gangnam Style

This is going to be the first +YouTube vide to reach a billion views; can it do it in 2012? If so, that would give us both this amazing milestone, and the 8 million live stream mark set with  +redbull 's Stratus Mission.

Reshared post from +Ken Rutkowski

How Much Money Has Psy Made Off Gangnam Style?
In case you haven’t heard yet, Psy’s song “Gangnam Style” is the most liked and most viewed video in the history of Youtube. Gangnam Style is about to cross 900 million views on Youtube and has been downloaded (legally) by 3 million people on iTunes alone. Suffice it to say, the song is a massive global phenomenon. But exactly how much money is Psy making off his incredible success? Millions. But even more amazingly, Psy has only sold around 100,000 physical CDs. 

Every time someone watches his video or just visits his account, he or she is shown advertisements and Psy gets a cut of that revenue. By the end of the year, it is estimated that Psy will have earned $1 million from his Youtube revenue share. The next major source is iTunes, where Gangnam Style has been purchased by three million people which generated roughly $2.6 million for Psy after Apple takes their 30% cut. The third source of revenue is from streaming plays on platforms like Pandora and Spotify. Unfortunately these sites pay tiny fractions of pennies for each play, so Psy’s total take from worldwide streaming amounts to less than $200,000. Finally, Psy is making money through one fairly traditional source: endorsements. It is estimated that in the last six months Psy has made $5 million signing deals to endorse a range of products for brands like Samsung and LG.

In total, Psy has made $8.8 million off the crazy success of Gangnam Style. Of course, that amount does not include taxes, management fees, lawyers, agents etc… But it is still an impressive number.

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