In 1978, Perry launched his own label, Planet Records, which he ran for six years until its 1983 sale to RCA, by which point Perry had produced throughout his career at least fifteen gold records (four of which had gone platinum) and a dozen gold singles. Perry had achieved these figures by February 2, 1982. Among the label's roster during his tenure were acts such as Billy Thermal, Bates Motel, the Plimsouls, The Cretones, Bill Medley and the Pointer Sisters, whose charting album Energy was the label's debut. After leaving Planet Records, Perry continued producing some of its acts, including the Pointer Sisters, as well as producing efforts by such artists as Streisand, Donna Summer, Julio Iglesias, Neil Diamond, and Randy Travis. While pursuing these projects, Perry spent the latter part of the 1980s also pulling together a passion project, 1989's Rock, Rhythm & Blues, which featured contemporary artists like Elton John, Rick James, and Chaka Khan performing classic rock songs by Musicians of the 1950s and early 1960s. Also in 1978, Perry played the part of a record Producer in the film American Hot Wax, which was based on the life of disc jockey Alan Freed.