TuneCore of the independent music business. In the fourth quarter of 2015, TuneCore saw sustained growth, with independent artists earning over $142 million through TuneCore including $36.8 million from digital streams and downloads. During this time, TuneCore also expanded its presence in the United States, opening offices in Austin and Atlanta, and internationally, launching two new international sites in Australia and the UK featuring localized currencies and experiences. TuneCore also added Saavn, Nmusic and Zvooq—services targeting emerging markets—as partners through which artists could distribute and monetize their music. TuneCore also enjoyed notable growth in new customers in the Latin American market
Build–operate–transfer Build–operate–transfer Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, own, and operate a facility stated in the concession contract. This enables the project proponent to recover its investment, operating and maintenance expenses in the project. Due to the long-term nature of the arrangement, the fees are usually raised during the concession period. The rate of increase is often tied to a combination of internal and external variables, allowing the proponent to reach a satisfactory internal rate of return for its