The soundtrack was released in November 1980 on Capitol Records, instead of his then-usual Columbia Records, because the film was produced by EMI Films, owned by the parent company of the label for which the soundtrack was released.

The soundtrack was re-released in February 1996 on Columbia Records in the United States and Sony elsewhere.

The film's reviews were negative, earning Diamond the first Razzie for Worst Actor at the 1st Golden Raspberry Awards, but made a modest profit at the box office, grossing almost double its budget.

This would mark the second time a Neil Diamond soundtrack outperformed the movie from which it came (after Jonathan Livingston Seagull).

Three songs from the album became top ten hits on the Billboard Hot 100, with "Love on the Rocks", "Hello Again" and "America" reaching Nos.