Though we mentioned it in the first installment of this article series, let's talk about Gangnam Style again.
The story of Gangnam Style is one that encapsulates all of Youtube's phases of development. It was a music video that could only exist on YouTube thanks to the website's business model. It "went viral" and gained massive notoriety worldwide. Taking the #1 most viewed spot on YouTube along with hitting the billion-views mark, Psy went on to star in - and heavily theme - Youtube's year in review 2012, alongside YouTube's other significant traffic-contributors.
YouTube has found a way to reconcile its free platform with the old media industries, and has earned its niche in online entertainment. Concerns about the website's sustainability seem to be decisively gone. The question, however, is what the website may become.