PSY has signed a contract with Island Records to handle his management worldwide. His Korean management will still be handled by YG Entertainment.
Island Records is part of the Universal Music Group. The record label has many of the world's top artists signed to it, including Mariah Carey, Justin Bieber and Jennifer Lopez.
PSY was first invited to meet with Island Records in August after his latest single "Gangnam Style" went viral and became a huge hit worldwide. Since then, the rapper has held various promotions across the United States for the song.
In addition to signing with the record label, PSY has also been invited to attend the MTV Video Music Awards on September 6th.
"Gangnam Style" has received lots of attention worldwide. It has become the most watched K-pop video on YouTube, surpassing the 100,000,000 views mark today. Various radio stations across the globe have began playing the song on the radio, including radio stations in the United States.