“It would be hard to imagine a proper sendoff for the Band without Dylan.
In 1965, he took the largely unknown group of musicians and made them
the backing band on his first electric tour. Three years later they
stepped out on their own and made some of the best music of the decade
with only minimal help from Dylan, but his shadow loomed large. When
they came back together in 1974 for a tour they packed stadiums all over
America and didn’t even come close to satisfying the demand for
tickets. Even so, Warner Bros. said they’d only finance The Last Waltz if Bob Dylan was a part of it.“ - Bob Dylan and the Band Play ‘Hazel’ in Rare 'Last Waltz’ Video, Rolling Stone , Andy Greene, April 14th 2015