A good chronicle of the development of the bootleg market, with enough direct quotations from 'interested parties' to be consistently interesting and informative. In addition, the book provides the author's informed and unvarnished opinions of the actions taken by record companies, industry groups, recording artists, and governments to combat bootlegs.
His comments on the merits of various bootlegs aren't quite as compelling and are sometimes downright wearying (OK, we get it: Led Zeppelin sucked, Page noodled endlessly and aimlessly on stage, and bootlegs of the band are generally worse than anal fistulae). I actually wish he'd provided more detail about the contents of various boots, but that would've threatened a loss of focus in the book, so I understand the restraint.
The most glaring omission is truly surprising. There is almost nothing in the book about how bootlegs are generated, particularly studio bootlegs. Sure, live tapes came from audience members, but the really good ones usually came from soundboards -- was there a general practice of paying off the mixers? Were some venues notoriously lax about taping by the soundboard people? Were there special relationships of some bootleggers with some sound mixers? How much was a mixer paid for a tape and what determined the rate?
As for studio boots (outtakes, alt. mixes, etc.), who stole these? Were they disgruntled lower-level clerks at big labels? Disgruntled A&R guys? Naming names isn't the point, but surely by now one could say something about how the Basement Tapes saw the light of day, or the big Beatles collections. Why wasn't everything by The Beatles in locked vaults at Capitol? If they were locked, who got in and why?
Overall, a good book that could've been excellent.