Quote:
Originally posted by Feather
He has a lot of debt, so even after making money he still will have barely anything. Plus, he's on a label that is known as a "slave contract" (YG). Another company (SM) had huge criticism, and information leaked all over the net. Here is an example of what a "slave contract" is from a Korean agency:
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YG Entertainment is not SM Entertainment.
and PSY is a 10+ year veteran in the music business. He isn't a teenage rookie at his first contract. He won't sign a contract if it wasn't favorable to him. If you follow kpop, you would know that YG Entertainment is well-known for their favorable treatment of artists. SM Entertainment is the opposite.
Trust me, Gangnam Style is making PSY millions of dollars.
1) endorsement
2) concert revenue
3) music sales revenue (probably only 10% of the total since the labels, whether it is Korean or American, always take the majority of the amount of music sales).
And sing PSY wrote and produce and composed Gangnam style, he will get songwriting/composing royalties for the song.