The Top Gun soundtrack is one of the most popular soundtracks to date, reaching #1 on the Billboard Hot 200 albums chart for five nonconsecutive weeks in the summer and fall of 1986. Harold Faltermeyer, who previously worked with both Jerry Bruckheimer and Don Simpson on the films Flashdance and Beverly Hills Cop, was sent the script of Top Gun by Bruckheimer before filming began.
Giorgio Moroder and Tom Whitlock worked on numerous songs including the Oscar winning “Take My Breath Away”. Berlin recorded that song, which would later win numerous awards, sending the band to international acclaim. After the release of Loggins’s single “Danger Zone”, sales of the album exploded, selling 7 million in the United States alone. On the re-release of the soundtrack in 2000, two songs that had been omitted from the original album (and had been released many years before the film was made), “Great Balls of Fire” by Jerry Lee Lewis and “You’ve Lost That Lovin’ Feelin” by The Righteous Brothers, were added. The soundtrack also includes “Top Gun Anthem” and “Memories”.
Other artists were considered for the soundtrack project but did not participate. Bryan Adams was considered as a potential candidate but refused to participate because he felt the film glorified war. Likewise, REO Speedwagon was considered but backed down because they would not be allowed to record their own composition. The band Toto was originally meant to record “Danger Zone”, and had also written and recorded a song “Only You” for the soundtrack. However, there was a dispute between Toto’s lawyers and the producers of the film, paving the way for Loggins to record “Danger Zone” and “Only You” being omitted from the film entirely. – Wikipedia