Looks like the whole one hit wonder thing can set you up for a lifetime. As “Gangnam Style” gallops toward 1 billion views on YouTube, the first Asian pop artist to capture a massive global audience has gotten richer click by click. So too has his agent and his grandmother. But the money from music sales isn’t flowing in from the rapper’s homeland South Korea or elsewhere in Asia.
With one song, 34-year-old Park Jae-sang — better known as PSY — is set to become a millionaire from YouTube ads and iTunes downloads, underlining a shift in how money is being made in the music business. An even bigger dollop of cash will come from TV commercials.
From just those sources, PSY and his camp will rake in at least $7.9 million this year, according to an analysis by The Associated Press of publicly available information and industry estimates. But for online music sales in South Korea, he’ll earn less than $60,000.
You know something? To be honest I don’t think I’ve ever even heard the song. I have no idea how to do the dance. And I simply don’t care. But if there’s any way I could have some sort of one hit “do the turd shuffle” type of song that could rake in 7.9 million then sign me the hell up.
To find out how the whole payment thing works check out Yahoo.