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Gangnam Style, the popular music video by K-Pop star Psy has garnered revenue of over $8 million via YouTube. Nikesh Arora, chief business officer at Google revealed this fact about the most viewed video of all time at the earnings call of the company for the fourth quarter.
Arora said that Gangnam Style had earned a whopping $8 million through all-in advertising deals. As of now, the video has more than 1.23 billion views on YouTube. The video will be generating an average amount of 0.65 cents every time somebody views it.
This fact was mentioned by Arora while giving an explanation regarding advertising on Google. On Google Search, YouTube and other services of Google, the top 25 advertisers of Google spend over $150 million in a year. The creator of a YouTube video will be able to keep half the money generated by ads. This would mean that Psy and his company will get $4 million from YouTube.
Associated Press had earlier done an analysis on the sales of the viral song Gangnam Style which showed the worldwide earning of the artist to be at $7.9 million. This was inclusive of iTunes downloads, streaming as well as sales services only in Korea.
Back in December, Gangnam Style became the first video on YouTube to get more than 1 billion views all over the world. The peppy Korean song was uploaded on YouTube on July 15, 2012 featuring the trademark horse dance. In no time, the number was a big hit, with ape acts of the video doing the rounds as well.
Celebrities and athletes took to the video, doing the trademark dance on the field. The T20 World Cup win by West Indies saw the entire team dancing to the number after clinching the title.