Youtube has officially been broken. The Psy music video “Gangnam Style” has been viewed 2,147,483,647 times. That’s right, over 2 billion views! It was viewed so many times that youtube’s counter malfunctioned.
My friend Jonathan Veitch
told me that when you post a video on youtube, you can enter into a program that allows you to make money off of ads. The more views you get, the more money you can make. Obviously you need a lot of views to make any significant money. The New York Times has estimated that “Gangnam Style” has earned Psy $2 million so far just from youtube ads.That is a rough estimate. It is hard to know the exact amount, as youtube keeps half (meaning they also they also made $2 million off of “Gangnam Style”). Profits also depend on what type of ads are run, banners or video ads. Psy also has the option of making deals with companies like Hyundai to run ads before the video.
“Gangnam Style” was released over a year ago, but it still gets 2 to 3 million hits per day! Psy can live the rest of his life off of the profits of a single music video.
Clearly, the monetary future of the music industry is in the hands of tween girls all over the world.