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★·.·´¯`·.·★ EARNINGS ★·.·´¯`·.·★

The American news agency Associated Press reported that Psy is set to become a millionaire from YouTube advertisements and iTunes downloads, which underlines a shift in how money is being made in the music business. According to the AP analysis, he is expected to make only $60,000 from downloads and streams of "Gangnam Style" in South Korea, due to the fact that many South Koreans use a music streaming service that costs less than $10 a month, and results in the cost of a downloaded song being about $0.10 and a streamed song being $0.02. The bulk of Psy's earnings, however, originate from other sources such as TV commercials and YouTube revenue, the latter generating almost US $1 million for 33,000 parodies and related videos identified in September 2012 by YouTube's automatic identification system. In total, AP estimated that Psy will earn at least US $8.1 million in 2012.


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