It looks like PSY is ready to break another record as he was reported to make over 8 million USD from his ‘Gangnam Style’.
The income from YouTube ads, music and album sales, and TV commercials were included. From YouTube ads alone PSY is predicted to earn around 87,000 USD. We can’t forget about the profits from the many parody videos that were uploaded on YouTube. Thanks to them PSY’s profits are set to increase even more.
As it was reported by Nielsen Soundscan, ‘Gangnam Style’ was downloaded 2.9 million times in the US. On iTunes, PSY and YG Entertainment are left with about 2.6 million USD (after Apple takes 30% of the download revenue). From Korean downloads the singer made an extra 60,000 USD, and from the sales of the 6th album – another 50,000 USD.
Even though PSY earns a lot from YouTube ads, sales and downloads, his largest income comes from TV commercials. The singer appeared in ads for Samsung , LG and many other companies, what brings him about 4.6 million USD. He also helped his father’s business to see a 30% rise in stock.
70% of those profits will go to PSY, while 30% will be taken by YG Entertainment.
Article by Karolina & Alona
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