According to The Official Charts Company, the single has sold 400,000 copies in the country. The single was certified Silver by the British Phonographic Industry (BPI) for shipments of 200,000 copies on October 1, 1988. In the United Kingdom, the song entered the UK Singles Chart at number 24, the week ending date of September 24, 1988, and within four weeks of its release reached the top position, a peak it maintained for two weeks, becoming Houston's third UK number-one single. It ranked number 89 on the Billboard Hot 100 Year-End chart of 1988. On the issue date of November 5, 1988, the single peaked at number one on the Billboard Hot Adult Contemporary chart, making it her seventh number-one single on the chart, and stayed on the top for two weeks. It also debuted on the Billboard Hot R&B/Hip-Hop Songs (formerly "Hot Black Singles") at number 78, the issue dated September 17, 1988, and six weeks later reached a peak of 22, her lowest position on the R&B chart at the time. Nine weeks later, it peaked at number five on the chart, the issue date of November 12, 1988, becoming Houston's tenth top 10 hit on the Hot 100, and spent 17 weeks on the chart. The song debuted at number 57 on the Billboard Hot 100, the issue dated September 10, 1988. "One Moment in Time" was released by Arista Records on August 27, 1988, as the first single from 1988 Summer Olympics Album: One Moment in Time, the soundtrack for the Games in Seoul, South Korea. According to Walden, Houston resented that Davis had interrupted her brief rest at home during a year-long world tour but agreed to make the final recording. At Clive Davis' request, Houston recorded a final set of vocals at her home studio in Mendham Township, New Jersey in July 1988. Houston's vocals and orchestral backing by the London Symphony Orchestra were recorded at the AIR Studios complex owned by former Beatles producer George Martin, with additional backing recorded at Walden's Tarpan Studios in San Rafael, California. Houston recorded the song in May 1988 while in London for eight consecutive sold-out concerts at Wembley Arena during her Moment of Truth World Tour. The track is an anthem for believing in yourself against all odds as Houston asks for "One moment in time/when I'm racing with destiny/Then, in that one moment of time, I will feel eternity." It appeared on the album 1988 Summer Olympics Album: One Moment in Time, produced in conjunction with NBC Sports' coverage of the Seoul Olympic Games and which, in addition to Whitney Houston who sang it live at the main ceremony, also featured artists such as: The Four Tops, The Bee Gees, Eric Carmen, Taylor Dayne and the film composer John Williams. The song's melody was inspired by the timeless figure of Elvis Presley, with Hammond imagining it as being sung by Presley "in lavish style" at the Olympics' opening ceremony. The song was later included on the second disc of her first greatest hits Whitney: The Greatest Hits and also on The Ultimate Collection and on the second disc of I Will Always Love You: The Best of Whitney Houston. The song was Houston's third number one in the UK Singles Chart, and reached number five on the US Billboard Hot 100. It was released by Arista Records on August 27, 1988, as the first single from the compilation album, 1988 Summer Olympics Album: One Moment in Time, the soundtrack for the games. " One Moment in Time" is a sentimental ballad by American singer Whitney Houston and written by Albert Hammond and John Bettis, produced by Narada Michael Walden for the 1988 Summer Olympics held in Seoul, South Korea.
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