They also played "Roundabout" at this show.

On 14 May 1988 the Atlantic Records label held its 40th Anniversary Celebration by staging a non-stop concert lasting almost 13 hours[1] at Madison Square Garden, New York. The event was dubbed "It's Only Rock And Roll".

Only artists who had released material on the Atlantic label in the United States performed, with the artists spanning the 40 years of the company's existence. Lavern Baker and Ruth Brown were the longest tenured Atlantic acts to perform, while Debbie Gibson was the most recent Atlantic signing to make an appearance at the event.

Some Atlantic signings, who had either officially split up or who had not performed together for a number of years, re-formed especially to perform at the concert. These artists included The Rascals, Iron Butterfly, and the former members of Led Zeppelin. Other notable performers included Yes, Genesis, Crosby, Stills & Nash, Keith Emerson and Carl Palmer (representing Emerson, Lake & Palmer), Foreigner, Paul Rodgers, Bob Geldof, Booker T. Jones, Wilson Pickett, The Coasters, The Spinners, Peabo Bryson, The Blues Brothers (featuring Dan Aykroyd and Sam Moore), Roberta Flack, The Manhattan Transfer, Bee Gees, Ben E. King and Vanilla Fudge.[1]

There had been plans to close the performance with a greatest hits all-star jam, but this idea was shelved.[2] Instead, the former members of Led Zeppelin performed as the last act.

The concert was broadcast live in the USA on FM radio and HBO television, commentary for the latter being provided backstage by comedian Robert Townsend. HBO commenced its live broadcast a few hours into the event and interspersed footage of the concert which had been taped earlier by the network. In so doing, some of the artists' sets were edited or omitted. An edited version aired later that year on ABC hosted by Robert Hays. Several banners heralding the reunion of Led Zeppelin band members were displayed like tapestry by excited fans, but, to their dismay, were taken down before HBO went with their live feed.

In the United Kingdom the event was broadcast over a period of four weeks by BBC 2, presented as hour-long episodes. Atlantic Records later released this production on video under the title Atlantic Records 40th Anniversary: It's Only Rock 'n' Roll. The release intercut concert footage with highlights from earlier performances, as well as older footage from the Atlantic archives.