With the current change in the record industry, this book explains how and why the current music industry trends have had to change and the effect this has on all music businesses. The book came in excellent condition and I have already started to use quotes from it on the BTEC and Rockschool music business courses I teach on. I think the last update was 2007, although everything the authors have mentioned has either happened or is due to happen. I can't wait for a new update. Can't recommend it enough.