In the music business, the key to success lies in knowing how to protect yourself. Whether you are a performer, writer or executive, Passman's revered and exhaustive guide to the legal and financial aspects of the music world is an essential tool, offering authoritative, up-to-the-minute information. You'll learn how to: select and hire a winning team of advisors, master the big picture and the finer points of record deals, navigate the ins and outs of songwriting, music publishing and copyrights, and maximize concert, touring and merchandising deals. This fifth edition also includes information on: music downloads and streaming, how royalties are computed in the digital age, why record companies are hemorrhaging money, new laws on copyright infringement, illegal downloads and challenges to intellectual property rights, industry strategies to combat piracy, and the new model for record deals. "Should be required reading for anyone planning or enduring a career in the biz." Rolling Stone