On this day in music history: October 19, 1979 - “Damn The Torpedoes”, the third album by Tom Petty & The Heartbreakers is released. Produced by Jimmy Iovine and Tom Petty, it is recorded at Sound City Studios in Van Nuys, CA and Cherokee Studios in Hollywood, CA from Late 1978 - Mid 1979. Widely regarded as one of the best rock albums of the era, it does not have an easy birth. During the making of the record, Petty’s former label Shelter Records (distributed by ABC Records) is sold to MCA. Petty is unhappy with the change and tries to extricate himself from his contract, resulting in him filing for bankruptcy. Eventually, Petty is able to negotiate a deal with MCA (with the band’s recordings being released on the labels Backstreet imprint), and work on the album continues. Initially hired as a recording engineer, Jimmy Iovine (future co-founder and chairman of Interscope Records/IGA Group) works his way into being the album’s co-producer. Though their previous release “You’re Gonna Get It!” goes Gold, Petty does not feel that band’s future is assured. Aware that it may be their last chance at grabbing the brass ring, or be dropped by their label, Petty and The Heartbreakers put great pressure on themselves to make the best album they are capable of. The finished result is a musical and artistic triumph, establishing Tom Petty & The Heartbreakers as one of the top rock bands of the era. It spins off three singles including “Don’t Do Me Like That” (#10 Pop) and “Refugee” (#15 Pop). In 2010, Universal Music Group releases a deluxe edition of the album in various configurations including a newly remastered two CD set, double LP vinyl edition, and a Blu-ray audio edition. “Damn The Torpedoes” spends seven weeks at number two on the Billboard Top 200, and is certified 3x Platinum in the US by the RIAA.