'Vinyl' Spoilers: Episode 1 Synopsis Released; What Will Happen In The Series Premiere? [VIDEO]

Get ready to travel back in time to one of the best decades of music this Sunday when HBO's new series, "Vinyl," premieres. The drama will tell the story of the sex, drugs and rock and roll lifestyle taking place in New York City in 1973. "Vinyl" will begin by introducing Richie Finestra (Bobby Cannavale), the President of American Century Records, in episode 1.

According to the synopsis for the series premier, Richie and his partners are close to selling the company to German Polygram. The deal, which would also involve a distribution with Led Zeppelin, hits a bump after a meeting goes wrong. While going back to his house, Richie makes a pit stop and comes across an artist named Lester Grimes (Ato Essandoh)who he has a history with .

Richie later learns that he has another issue other than the Led Zeppelin distribution. A radio station owner, Bombastic Frank “Buck” Rogers (Andrew Dice Clay), wants to boycott Richie's label "due to a perceived slight" by an artist on American Century. In an effort to overcome the crisis, Richie assigns his A&R department to find new acts for the label. To deal with Buck, Richie will turn to a promotion man named Joe Corso (Bo Dietl), but this will only make things even crazier.

While work is a challenge, Richie's home life is far from easy. His drug use creates problems between him and his wife Devon (Olivia Wilde), a former model. After an argument at home Richie will wander around the city on his own, where he'll come across a band that stops him in his tracks and gives him a new perspective.

"Vinyl" was created by Mick Jagger, director Martin Scorsese, Terence Winter and Rich Cohen. Ray Romano, Max Casella, P.J. Byrne and James Jagger also star on the show. The first season is expected to have 10 episodes and will air each Sunday.

Watch a promo video for "Vinyl" below:

The two-hour series premiere of "Vinyl" airs Sunday, Feb. 14 on HBO at 9 p.m. EST.