‘Gang­nam Style’ singer a Youtube mil­lion­aire

Nearby sta­tions hurt by gas price war, but ad­ja­cent restau­rants, shops like rise in traf­fic.

Austin American-Statesman - - BUSINESS - By Gary Dinges gdinges@states­man.com states­man.com. Buc-ee’s B

SEOUL, SOUTh KOREA — As “Gang­nam Style” gal­lops to­ward 1 bil­lion views on YouTube, the first Asian pop artist to cap­ture a mas­sive global au­di­ence has got­ten richer click by click. But the money from mu­sic sales isn’t flow­ing in from the rap­per’s home­land South Korea or else­where in Asia.

With one song, 34-year-old Park Jae-sang — bet­ter known as PSY — is set to be­come a mil­lion­aire from YouTube ads and iTunes down­loads, un­der­lin­ing a shift in how money is be­ing made in the mu­sic busi­ness. An even big­ger dol­lop of cash will come from TV com­mer­cials.

From just those sources, PSY and his camp will rake in at least $7.9 mil­lion this year, ac­cord­ing to an anal­y­sis by The As­so­ci­ated Press of pub­licly avail­able in­for­ma­tion and in­dus­try es­ti­mates. But for on­line mu­sic sales in South Korea, he’ll earn less than $60,000. BAS­TROP — The new Bas­trop Buc-ee’s is hurt­ing some neigh­bor­ing busi­nesses – and help­ing oth­ers.

The su­per-sized con­ve­nience store at 1700 Texas 71 opened last month, spark­ing a gas war that has taken prices so low that own­ers of one nearby ser­vice sta­tion say they will stop sell­ing fuel.

Reg­u­lar un­leaded was go­ing for $2.97 a gal­lon Tues­day af­ter­noon at Buc-ee’s. Prices else­where ranged from $2.92 at H-E-B, 104 N. Hasler Blvd., to $3.27 at L&S Mart, 908 Col­lege St. Most sta­tions in the area were charg­ing north of $3 per gal­lon.

L&S Mart co-owner Soma Chav says the fam­ily-owned busi­ness can’t com­pete with its new neigh­bor.

“We’re shut­ting down the gas,” Chav said. “We can’t af­ford it. Add in the costs for main­te­nance and in­surance See more pho­tos from the new Bas­trop Buc-ee’s with this story at

Sand it’s just not worth it.”

Sales at the nearby Bas­trop Cor­ner con­ve­nience store, 900 Texas 95, have plunged 40 per­cent, ac­cord­ing to man­ager Rob­bie Kelin.

“Their gas is sell­ing way too low,” he said. “There’s no way we can match that. Beer and cigarettes are down, too. Those three have some of our high­est profit mar­gins.”

The new Buc-ee’s spans 56,000 square feet and boasts 655 park­ing spa­ces, 48 fu­el­ing sta­tions and 20 cash reg­is­ters, gen­eral man­ager John Tay­lor said. Cus­tomers can buy ev­ery­thing from cloth­ing to hoa­gies to fresh fudge. There are 71 toi­lets and uri­nals, as well. The Lake Jack­son-based chain is known for its clean re­strooms, get­ting men­tions

A Christ­mas tree is adorned with the com­pany’s mas­cot at the new Buc-ee’s, which spans 56,000 square feet. Cus­tomers can buy ev­ery­thing from cloth­ing to hoa­gies to fresh fudge at the store.

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