The song was written for Joni James who recorded the song in April 1953 for M-G-M Records, and the song was released on her best-selling album, Let There Be Love. Eddie Fisher subsequently recorded a version of it accompanied by Hugo Winterhalter and his Orchestra at Webster Hall, New York City, on May 4, 1954. The song was released by RCA Victor Records backed with "Heaven Was Never Like This" (catalog number 20-5830) in August 1954.[3][4] and by EMI on the His Master's Voice label as catalog number B 10755. Fisher's recording reached number 1 on Billboard as well as Cash Box charts in November 1954.[5][6] It was ranked number 13 on Billboard's 1954's Top Popular Records according to records sales, and number 12 according to disk jockey plays.[7]
Because M-G-M had already had three major songs scheduled in sequence for release ("My Love, My Love" and "I'll Never Stand in Your Way" and "I Need You Now," all done at the same recording session!) when the Fisher version was released, it was not possible for M-G-M to market the James original at that point.[citation needed] Seven years later, Joni James recorded a new version of "I Need You Now", at Abbey Road Studios in London.[citation needed] It was released as a single in 1960.[8] Jacobs and Crane later gave James another song "My Believing Heart," which became the follow-up to her million selling "You Are My Love."
Bing Crosby recorded the song in 1954[11] for use on his radio show and it was subsequently included in the box set The Bing Crosby CBS Radio Recordings (1954-56) issued by Mosaic Records (catalog MD7-245) in 2009.[12]
Ronnie Dove reached number 93 on the Hot 100 in 1969 with his version. It was his last entry on that chart.[13]