YouTube announced this week that they have hit 1 billion unique monthly visitors per month. These 1 billion people spend 6 billion hours of videos every month. This is up 50% during the same time last year.
YouTube’s growth even in the last 5 months has been rapid. YouTube reported that 4 billion hours of video was being watched per month in January 2013.
Korean pop music artist, Psy, has really benefited from YouTube’s growth. Psy’s song “Gangnam Style” shot past 1 billion views and his new song “Gentleman” hit over 38 million views in one day.
In a blog post, YouTube said “media companies like Time Warner, The Chernin Group, Bertelsman, Discovery Communications and Comcast have all made significant investments in companies that create, aggregate or service content for YouTube in the last 12 months.”
“Content creators have long recognized the power of YouTube?s platform to connect with an audience. Advertisers are increasingly doing the same. Together we?ll continue to build YouTube as a global destination for the next generation of entertainment,” the company added.
Below is a video that YouTube released in celebration of the milestone: