After 40 years recording for Columbia, Diamond signed with Capitol in early 2014. At the same time, his back catalogue was moved to Universal Music Group, Capitol's parent company. Capitol released Diamond's 1980 soundtrack album for The Jazz Singer.
On September 8, 2014, six of the tracks from Melody Road were premiered at the Capitol Records studios in Hollywood, CA at a listening party for a small group of music industry executives and journalists. Following the event, Billboard wrote that the album is "rich in orchestration that retains the dark rustic qualities of his last two studio albums of original material, 12 Songs and Home Before Dark. Of the songs, the article stated that "'Something Blue', the most commercial of the songs played Monday, has the classic Diamond mid-tempo lilt; the ballads 'The Art of Love' and '(Ooo) Do I Wanna Be Yours' offer springboards for Diamond's still-potent voice; and 'Seongah and Jimmy' is an eyewitness account of a romance between a woman from Korea and a man from Long Island."The Wall Street Journal wrote that "The Art of Love" is a "tender offering from Diamond, who at age 73, hasn't lost that ability to convey a wide swath of emotions in just four minutes."
In September, three videos from the album were released. A lyric video for "The Art of Love" debuted on Diamond's YouTube/VEVO channel, and the video for the album's first single, "Something Blue", premiered on Yahoo! Music.Rolling Stone debuted the video for "Nothing But a Heartache".
The album received generally favorable reviews. Ann Powers of NPR wrote: "This is music with (as one song title says) a sunny disposition, expressing Diamond's resilient faith in the power of both romance and the balladry that enhances it. 'Still remember the first word you wrote, in every single note that you play,' he declares in "First Time," a joyful remembrance of musical beginnings that recalls one of the singer's own early hits, "I'm a Believer." Diamond's ability to do that, to be in the moment while knowing just what makes his long career special, keeps him vital. Few could navigate this road with so much panache."
In October 2014, Melody Road debuted at number 3 on the Billboard charts, selling 78,000 copies in the first week. The album has sold 235,000 copies in the United States as of September 2016.