Psy Will Make $7.9 Million This Year From Gangnam Style

Gangnam Style, which is racing towards 1 billion views on YouTube, will net pop star Psy at least $7.9 million this year, according to a report.
The Associated Press reports that Psy will cobble together that amount from a variety of sources, most notably commercial endorsements, which will generate $4.6 million. Psy's commercial endorsements include ads for Samsung and LG Uplus in his native South Korea. The estimate comes from Chung Yu-seok, an analyst with Kyobo Securities.
Despite the unprecedented YouTube success of Gangnam, Psy won't even make $1 million from the video itself. The AP cited TubeMogul, a video and ad-buying platform, which estimates Psy will make $870,000 from ads sho…
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