From the official site:
In 1980, LOVERBOY introduced themselves to the world with their self-titled debut album. They quickly became one of America's and MTV's most popular rock bands. From 1980 through 1987 LOVERBOY garnered four multi-Platinum albums and numerous international Gold albums. Their tours sold out arenas and stadiums nationwide. Their hit singles came one after another, and went on to become the anthems and party songs of an entire generation of rock concert going fans. LOVERBOY's red leather pants, bandannas, and big rock sound defined the band's trademark image and high-energy live show.
After being rejected by all the major U.S. record companies LOVERBOY signed with Columbia Records Canada. On March the 20th, 1980, LOVERBOY went into the studio to record their self-titled debut album -- LOVERBOY. The summer of 1980 saw the record fly out of the stores setting record sales for a debut album -- over 700,000 records in Canada. The U.S. released the album in November 1980 and by April 1981, it had gone GOLD. LOVERBOY's follow-up album, Get Lucky, was released in 1981 and contained the hit "Working for the Weekend."
Nine years and four albums later, tired of LOVERBOY's grueling schedule of recording, touring, television appearances, videos, and hoards of interviews Paul, Mike, Matt, Doug and Scott decided to take a rest from the band and each other. The band reunited years later for a variety of appearances and performances. In 2000, bassist Scott Smith was killed in a boating accident and Loverboy dedicated their collection of live recordings, "Live, Loud & Loose", to him. The remaining original members continue to tour and perform. 2005 marks the band's 25th anniversary.