Luis Fonsi, Daddy Yankee, Justin Bieber's No. 1 hit 'Despacito' becomes most viewed video

Luis Fonsi and Daddy Yankee are sitting atop the Hot 100 songs chart for a 12th consecutive week while holding onto the three major formula component charts as well with the song "Despacito." The duo remixed the song to feature Justin Bieber and while that version may account for most of the track's overall week to week activity, the video for "Despacito" is breaking a newly broken record. The song is now the most viewed video on YouTube as of Aug. 4.

At the time of publication, the video for "Despacito" which does not feature Justin Bieber has pulled in 2,994,535,150 views. The video by Fonsi and Daddy Yankee now surpassed Wiz Khalifa and Charlie Puth's "See You Again" which took the record in July when it reached  2,898,076,774 views at that time of publication. "See You Again" now currently has 2,993,835,887 views total and rising.

Though the YouTube video doesn't feature Bieber, the activity counts towards the Streaming Songs chart each week and is one-third of the formula of the Hot 100. YouTube plays break down even further through the On-Demand Streaming Songs because of user initiated plays. Though the remix version is the primary track being played across radio stations in the U.S., the Spanish only version featured in the video accounts for roughly 20 percent of weekly sales (both versions are tallied into the final charting).

"Despacito" has already broken one record. In mid-July, with both versions included, the song became the most streamed track worldwide and that rounds up all of the YouTube views along with platforms such as Spotify.

Watch the video for Luis Fonsi and Daddy Yankee's "Despacito" above.