Drawing on his unique professional experience, as well as many humorous and illustrative anecdotes, Passman gives you the music business from the ground up. You'll learn how to select and hire a winning team of advisors - personal and business managers, agents, and attorneys - and structure their commissions, percentages, and fees in a way that will protect you and maximize your success; master the big picture and the finer points of record deals, including demos, compact discs, and music videos; understand the ins and outs of songwriting, music publishing, royalties, advances, and copyrights; maximize concert, touring, and merchandising deals; and secure the rights to your band's name - and find out if someone else is using it. You will also learn about the multimillion-dollar megadeals; new developments regarding sampling; how a company called SoundScan is changing the music business; and the 1992 Audio Home Recording Act, which taxes digital tapes and recorders.

The New Material covered in this edition includes the most up-to-date financial information about royalties, advances, etc.; the use of music on the Internet; on-line services, CD-ROMs, and other new media; classical music; the Digital Performance Act; and new industry trends in all areas.