So what exactly makes the Hue the single best product of the year?

FORBES: The Best Product of 2012: The Philips Hue LED Lighting System

The song was also the third best-selling single of the year, according to the IFPI, and has helped boost the financial fortunes of YG.

CNN: Psy's record label sets sights on China

In the year their debut album came out, they topped NME magazine's readers' poll in four categories - best new band, band of the year, album of the year and single of the year, for Fools Gold.

BBC: The Stone Roses to reunite for tour