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Planet Waves is het 14e studioalbum van Bob Dylan en het eerste album dat hij na zijn breuk met Columbia Records uitbracht op Asylum Records. Dylan wordt op het album begeleid door The Band.

Na Dylans breuk met Columbia wist David Geffen, de oprichter van Asylum, via Robbie Robertson Dylan over te halen tot een contract voor een studio-LP en een concerttour ter promotie, gekoppeld met een live-album Before the Flood.

Volgens de hoes bevat Planet Waves (in Dylans handschrift) "Cast-iron songs & torch ballads" ("gietijzeren liedjes en sentimentele ballades").

Planet Waves is the fourteenth studio album by American singer-songwriter Bob Dylan, released on January 17, 1974, by Asylum Records in the United States and Island Records in the United Kingdom.

Dylan is supported on the album by longtime collaborators the Band, with whom he embarked on a major reunion tour (documented on the live album Before the Flood) following its release. With a successful tour and a host of publicity, Planet Waves was a hit, enjoying a brief stay at No. 1 on the U.S. Billboard charts—a first for the artist—and No. 7 in the UK. Reviews were generally positive; Critics were not as negative as they had been with some then-recent Bob Dylan albums (namely Self Portrait and Dylan) but still not enthusiastic for the album's brand of laid-back roots rock, but it was nevertheless considered an improvement over those albums.

The album was originally set to be titled Ceremonies of the Horsemen, a reference to the song "Love Minus Zero/No Limit", from the 1965 album Bringing It All Back Home; the release was delayed two weeks when Dylan decided to change the title at the last minute. Another, earlier, working title was Wedding Song.