Dolly Parton To Make Millions After Whitney Houston's Death

Dolly World can finally get an upgrade.

Parton: "Like Everybody Else, I Am Still In Shock"

Whitney Houston's death was a tragic blow to the music world. But for Dolly Parton, it was a multi-million dollar windfall. The country music legend stands to make some serious money after Houston's version of "I Will Always Love You," which Parton wrote, shoots (back) up the charts.

Read: Whitney Houston Music Downloads Skyrocket

Music industry experts predict Parton, 66, will make millions of dollars in royalties this week after "I Will Always Love You" rockets up the iTunes billboard.

Parton penned the song in 1973 for her classic album Jolene, and while it was a major hit in the country genre, it wasn't until Whitney Houston covered it for the film The Bodyguard in 1992 that it crossed over to mainstream pop and reached iconic status.

Houston's version set a then-record after spending 14 weeks at #1 on the Billboard Hot 100 chart, and was placed at #68 on Billboard's Top 100 Songs Of All Time list.

Read: Whitney Houston Almost Starred On 'The Cosby Show'

Following Houston's death last week, the track returned to popularity with grieving fans giving it another listen. Parton herself still can't get over the singer's untimely death.

"Like everybody else, I am still in shock," she told CBS. "But I know that Whitney will live forever in all the great music that she left behind. I will always have a very special piece of her in the song we shared together and had the good fortune to share with the world.

"Rest in peace, Whitney. Again, we will always love you."

Read: REPORT: Whitney Houston Was NOT Broke