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The re-recorded version was at first released on the band's 1985 self-titled album as the album's second single (see 1985 in music) and reached No. 3 in Canada, No. 4 in Australia, No. 9 in the United States, and No. 8 in the United Kingdom. It was the Waves' first U.S. top 40 hit. Conceived of as a ballad, Katrina decided to belt the song out.
Royalties from airplay and advertisements of "Walking on Sunshine" have been extremely high. Katrina and the Waves kept the publishing rights, and the royalties that typically go to the songwriter have been divided among the band members. Estimates are the song has earned $1 million per year for the ten years ending in 2010. According to a former employee of EMI, "Walking on Sunshine was the crown jewel in EMI's catalog," and that it was one of EMI's biggest earners from advertisers.
In August 2015, the song was acquired by BMG Rights Management for £10 million, along with all the other songs written by Kimberley Rew and Katrina and the Waves. (Wikipedia)
****REVISED May 3, 2019 - SR****