Petty didn’t just sing about not backing down, he lived it. In 1979, he was enraged when his record label was sold and his contract transferred. Stating that he would not be “bought and sold like a piece of meat,” he self-financed what became “Damn the Torpedoes” and declared bankruptcy rather than allowing his label, MCA, to release it. He eventually reached a new deal with MCA, for better terms. In the early 1980s, he was again at war with MCA, this time over the label’s plans to charge extra money, a dollar higher than the standard $8.98, for his album “Hard Promises.” He again prevailed.
Petty was both a musician and obsessive fan, one who met his childhood heroes and lived out the fantasies of countless young rock lovers. He befriended Byrds leader Roger McGuinn and became close to George Harrison, who performed on “I Won’t Back Down” and joined Petty, Dylan, Roy Orbison and Jeff Lynne in the impromptu supergroup the Traveling Wilburys. Petty inducted Harrison into the Rock Hall in 2004; two years earlier Dylan’s son Jakob inducted Petty. In the 1980s, Petty and the Heartbreakers supported Bob Dylan on a nationwide tour.
He would speak of being consumed by rock music since childhood, to the point where his father, whom Petty would later say beat him savagely, thought he was “mental.” Awed by the chiming guitars of the Byrds, the melodic genius of the Beatles and the snarling lyrics of Dylan, he was amazed to find that other kids were feeling the same way.
“You’d go and see some other kid whose hair was long, this was around ’65, and go, ‘Wow, there’s one like me,'” he told The Associated Press in 1989. “You’d go over and talk and he’d say, ‘I’ve got a drum set.’ ‘You do? Great!’ That was my whole life.”