34-year-old Park Jae-sang, better known as PSY, is set to make $7.9 million this year thanks to his song “Gangnam Style”. The Asian pop star’s hit is only a few clicks away from hitting 1 billion views on YouTube.
How is he making so much money from just one song? From YouTube ads and iTunes downloads, as well as from TV commercials. This shouldn’t come as a surprise- this is the direction that the music industry is now headed.
The artist has gotten tons of global recognition. His song is played on radio stations all over the world and his signature galloping-dance has become a party favorite.
However, he received very little support from his home-country South Korea. South Korea only attributed $60,000 towards his $7.9 million fortune.
Paul Hudson | Elite.
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