was shopping around for a new label. Dylan recorded two albums, Planet Waves and the live Before the Flood, for Asylum before returning to Columbia. Columbia reissued Dylan's two Asylum albums in 1981.

Merger with Elektra Records

Asylum was taken over by Warner Communications in 1973 and merged with Elektra Records to become Elektra/Asylum Records. David Geffen and Elliot Roberts each received $2 million in cash and $5 million in Warner

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