The album propelled Oasis from being a crossover indie act to a worldwide rock phenomenon, and is seen by critics as a significant record in the timeline of British indie music. Morning Glory sold a record-breaking 345,000 copies in its first week in the UK before going on to spend 10 weeks at number one on the UK Albums Chart. It was also the band's breakthrough in the United States, reaching number four on the US Billboard 200.
Although a commercial success, the record initially received lukewarm reviews from mainstream critics; many reviewers deemed it inferior to Definitely Maybe, with the songwriting and production being particular points of criticism. However, critical opinion of the album reversed dramatically in the ensuing months and years, with critics recognising its strengths and its "populist appeal".
In May 1995, in the wake of the critical and commercial success of their 1994 debut album, Definitely Maybe, Oasis began recording Morning Glory at Rockfield Studios in Wales, with Owen Morris and Noel Gallagher producing. By the time they had finished in June 1995, Oasis were on the brink of becoming one of the most popular bands in the UK; the August 1995 "Battle of Britpop", in which Oasis and Blur had a chart battle over their respective singles "Roll with It" and "Country House" would propel them to mainstream awareness.
Despite the friction between the Gallagher brothers, Owen Morris reflected in 2010 that: "The sessions were the best, easiest, least fraught, most happily creative time I've ever had in a recording studio. I believe people can feel and hear when music is dishonest and motivated by the wrong reasons. Morning Glory, for all its imperfection and flaws, is dripping with love and happiness." Paul Weller joined them in the studio and provided lead guitar and backing vocals for "Champagne Supernova", and harmonica for the two untitled tracks known as "The Swamp Song". Noel wrote the last song for the album, "Cast No Shadow", on the train as he returned to the studio.
Morris claimed the album was recorded in 15 days, at a pace of one song a day. "Some Might Say" proved problematic to record: the backing track was recorded in one take after Noel Gallagher and Morris drunkenly listened to the demo and decided the new version was played too fast, and Noel woke the rest of the band to re-record it. The backing track was faster than intended, with what Morris described as "a really bad speed up during the first three bars of the first chorus", but the take had to be used because those involved were impressed with Liam's vocals, and Morris had to mix the track three times, using delay and other processing to hide the mistakes. When the album was finished, Morris said it would "wipe the field with any competition ... It's astonishing. It's the Bollocks for this decade." Creation Records boss Alan McGee was similarly enthused, saying that "You just cannot slag this record. It's gonna speak to real, working-class lads in a way that a Suede or Radiohead could only dream of doing." The album's title was inspired by Noel's friend Melissa Lim answering the phone with the phrase, which is itself derived from a line in the song "The Telephone Hour" from the film Bye Bye Birdie.
The music on (What's the Story) Morning Glory? has been characterised by commentators as rock, and Oasis as an essential part of Britpop culture. Liam Gallagher's vocal style in significant detail, stressing its importance to the songs of the album; Noel Gallagher summed up his own perspective on the album's aesthetic in an interview with Rolling Stone in 1995; "Whilst [Definitely Maybe] is about dreaming of being a pop star in a band, What's the Story is about actually being a pop star in a band." The album has a notable anthemic theme to its songs, differing from the raw-edged rock of Definitely Maybe. The use of string arrangements and more varied instrumentation in songs such as "Don't Look Back in Anger" and "Champagne Supernova" was a significant departure from the band's debut. This style had first been implemented by the band on their fifth single, "Whatever", released in December 1994. It was produced in conjunction with the London Symphony Orchestra, resulting in a much more pop-oriented and mellower sound; this would be the template that would come to define many of the songs.
While "Some Might Say", a number one hit, had been released in April, the single chosen to precede the album's release was "Roll with It", planned for release on 14 August, six weeks before the album was due to hit the shelves. This was an unorthodox method for the time, contrasting the standard industry procedure of releasing the lead single three weeks before its parent album. Blur's management had become worried that this would hinder the chances of the group's forthcoming "Country House" single reaching number one the following week. As a reaction, Food Records pushed the release of "Country House" back a week. The NME hailed this oncoming chart battle as a "British Heavyweight Championship" between the two bands and thus started what became known as "The Battle of Britpop".
(What's the Story) Morning Glory? was released on 2 October 1995. The album sold quickly. At the end of the first week of sales, the album had sold a record-breaking 345,000 copies, making it (at the time) the second-fastest-selling album in British history, behind Michael Jackson's Bad. After initially entering the UK charts at number one, it hovered around the top three for the rest of the year before initiating a six-week stay at the top in mid January, followed by a further three weeks at number one in March. In total, the album did not leave the top three for seven months.
After the fourth single from the album, "Wonderwall", hit the top ten in several countries, including stays at number one in Australia and New Zealand and achieving a peak of number eight in the United States, the album began to enjoy prolonged international success. Eventually the album had a five-week run at the top of the Australian albums chart and an eight-week run at the top of the New Zealand albums chart before topping charts in Canada, Ireland, Sweden and Switzerland. The album was also making significant waves in the US market, thanks in part to the success of the "Wonderwall" and "Champagne Supernova" singles on American modern rock radio.

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