Psy’s Gangnam Style generates £5 million in YouTube advertising revenue
Viral video clip, Gangnam Style has made over £5 million ($8 million) in YouTube advertising revenue since its release in July 2012. The figures from Google show that the video has been viewed 1.23 billion times since its upload, earning it $6.50 per 1,000 streams. Additionally, the promotional space around the clip rose in value as it gained popularity. Psy, star of the video, will take home around half of this revenue.
Source: Digital Spy