The last US Top 40 hit for Badfinger, this song would mark the beginning of a devastating decline for the band. They were signed to The Beatles' Apple Records - Straight Up
was their third album on the label and featured contributions from George Harrison. With "Baby Blue" and "Day After Day
" getting a steady stream of airplay and Beatles comparisons, they toured twice in 1972 to packed houses.
All was not well behind the scenes, however, as Apple Records was on shaky ground. Badfinger recorded their fourth album, but their negotiations with Apple got snarled and a lawsuit prevented its release. These legal entanglements kept Badfinger from touring or recording while they were at the peak of their powers, and also drained them financially. In 1973, they signed to Warner Brothers and recorded their fifth album. Nearly two years after Straight Up
hit the racks, Apple finally issued Badfinger's fourth album, titled Ass
, in the US in November of that year. Their self-titled Warners album came out in February 1974.
By this time, the band's sound had fallen out of favor, and both albums underperformed. With their legal and financial problems becoming even more burdensome, Pete Ham hanged himself in 1975. His suicide note made it clear that the business dealings were his undoing; he expressed hopes that his death would serve as a cautionary tale for aspiring musicians. He was 27.