Since the advent of the internet, enjoying music has become much easier. Today, you will get everything on the internet starting form karaoke version backing tracks to magnificent music videos. At present, the internet is enough to make a musician, singer or performer popular and wealthy, the newest example of such effects of the internet is Psy.

Psy, the viral video sensation from South Korea has become enormously popular among music lovers and fun loving individuals around the world due to his surreal and additively exciting music video for the single “Gangnam Style”. As far as number of YouTube views is concerned, this video has even surpassed “Baby” sung by Justin Bieber; and recently it has also become the first video on YouTube to get 1 Billion views; the number is only increasing with every passing day.

With all the media and public interest in mind, after recent figures of what the song has generated revenue wise. People have been wondering exactly how the song has made so much money. You must be wondering what Psy has earned in terms of dollars for being the maker of the most watched music video to be ever made on earth and as a result of becoming an overnight viral video sensation. After tracking the most credible reports regarding estimated revenue earned by Psy, it can be said the number is truly mind boggling. One of the reports is from Nate Hopper of the New York magazine. According to this account, YouTube pays approximately $2 per 1000 page views. This means for a Billion (I know that the number is far more than that now) views, they would be paying $2,000,000. This means, by now, Psy has earned over 2 million dollars only as revenue generated through YouTube views.

The magazine article has also reported that when the article was written Psy sold as many as 2.7 million downloads of this sensational music video, for which he earned around a quarter of $1 million. What this reveals is that he was selling every download for approximately nine cents. To me the amount is quite low, especially when the sensation created by “Gangnam Style” is considered. However, the report published on New York magazine informs that the price for every download is decided based on the “standard American royalties”.

And then, in addition to the money paid by YouTube and earned by selling downloads Psy has also received big amounts from endorsement deals and commercials.

This all proves that now anybody can use the internet to make money from home. Using one of the biggest sites (Youtube) combined with a little bit of imagination and talent you could potentially become wealthy online. With Gangnam there has obviously been masses of luck and viral exposure too. Somebody could generate income on a much lesser scale from certain videos and music productions.

Author Info-

SingMe.co.uk is reputable online backing track store. They offers professionally created karaoke version backing tracks for almost all popular songs for extremely low prices.

{fcomment}