ENTREPRENEURS: Geffen's Golden Touch

By the time Bob Dylan ended his six-week concert tour last week, fans in 21 cities had paid $5 million to see and hear him. Dylan will pocket about $1.5 million, and the rest will go for expenses and promoters' percentages. Not a penny went to David Geffen, who organized much of the tour.

Geffen, the 30-year-old president of Elektra-Asylum Records, is not complaining. The tour will help boost sales of Dylan's new Asylum album, Planet Waves, which already has become a Gold Record ($1 million in sales at the manufacturer's level). Two other new Geffen...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!