In the Right Place at the Right Time
Two decades later, David Geffen sold his second label, the one he named after himself, for a sweet $550 million. It was around the same time that The Eagles’ (under his label) first greatest hits album was declared the biggest-selling album of all time. You could say that Geffen was in the right place at the right time.
Two major things happened in the ‘60s and ‘70s in California. First, it was the dawn of the singer-songwriter era, filled with epic tales of music, sunshine, drugs, talent, and greed. But there was also a scene that swirled around the navel-gazers and hippie millionaires of the L.A. canyons. There was the whole business side of things, the side that made people like Geffen filthy, filthy rich.