‘Lola’ was released as a single in 1970. It became an unexpected chart smash for the Kinks, reaching number two in Britain and number nine in the United States. The single also saw success worldwide and this had important ramifications for the band's career at a critical time. It allowed them to negotiate a new contract with RCA Records, construct their own London Studio, and assume more creative and managerial control. In a 1970 interview, Dave Davies stated that, if ‘Lola’ had been a failure, the band would have "gone on making records for another year or so and then drifted apart".