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Richard Curtis approached Scottish band Wet Wet Wet about recording a cover song to soundtrack his film Four Weddings and a Funeral. The band got to pick between three choices of songs, the other two being "I Will Survive" by Gloria Gaynor and "Can't Smile Without You" by Barry Manilow. Singer Marti Pellow related that the decision to pick "Love is All Around" was an easy choice "because we knew we could make it our own". The song, which has a different introduction from the Troggs' version, was released on 9 May 1994.
On 15 May 1994, "Love Is All Around" entered the UK Singles Chart at number four. After climbing to number two the following week, it reached number one on 29 May. It then remained there for 15 weeks, the joint third-longest UK chart reign of all time (beaten only by Frankie Laine's "I Believe" which clocked up 18 weeks at the top during the 1950s and Bryan Adams' song from Robin Hood: Prince of Thieves, "(Everything I Do) I Do It for You", which was number one for 16 consecutive weeks in 1991) with Drake's "One Dance" which also stayed at the top for 15 weeks in 2016. "Love Is All Around" spent a further 20 weeks in the UK Top 75. Throughout its chart run, some radio stations banned the song, as many listeners were fed up of hearing it for so long. The band themselves eventually took the decision to delete the record from sale, but did not manage to tie with Adams as "Saturday Night" by Whigfield entered straight at the top on 11 September 1994, with Wet Wet Wet dropping to number two.
Reg Presley famously spent some of his songwriting royalties on crop circle research. Pellow also recorded his own version of the song for inclusion on his 2002 album Marti Pellow Sings the Hits of Wet Wet Wet & Smile.
In 2004, Pellow told the Daily Record, "We did everybody's head in the summer of 1994." Nevertheless, Pellow said, "I still think it's a brilliant record. Its strength is its sheer simplicity. Any band would give their eye teeth to have a hit record like that. I'm very proud of it." In 2013, the year that Reg Presley died, "Love Is All Around" was named as the number one song in VH1's The Ultimate Movie Soundtrack: Top 100.
As of February 2021, it has sold 1.91 million copies in the United Kingdom, making it the country's best-selling love ballad of all time (including download and physical sales only), in front of songs including Bryan Adams's chart topping film theme (number 3 with 1.87 million copies sold) and "I Will Always Love You" by Whitney Houston (number 5 with 1.66 million sales).
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