Background and Recording
Petty's recording contract was re-assigned to MCA from his previous label Shelter Records and its distributor ABC Records when ABC was sold to MCA in 1979. Furious about the change in label, Petty struggled to legally detach himself from MCA, resulting in his bankruptcy. In the end, the record company backed down, and he negotiated a deal that allowed him to release his recordings on the new Backstreet Records label, manufactured and distributed by MCA. The album, now co-produced by Jimmy Iovine, was recorded at Sound City in Van Nuys and Cherokee Studios in Hollywood. The title is a reference to a famous quote by Admiral David Farragut: "Damn the torpedoes, full speed ahead!". All of Petty's Backstreet recordings were re-issued by MCA in the late 1980s.
Read more about this topic: Damn The Torpedoes (album)
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