Gangnam Style chalks up $8 million

As well as revealing that Google generated revenues of $50 billion last year, a financial update from the web giant yesterday also says that that Psy's 'Gangnam Style' has generated over $8 million in ad revenues via YouTube since going online last summer - although it's not clear how much of the $8 million went to the artist and his business partners. The video has been viewed 1.23 billion times to date.