200 Balloons was released as the b-side on the single Batdance, the first single from Prince’s album Batman, the companion album to the hit movie Batman. In 1993, it was included as the second track on The B-Sides compilation (included as the third and final disc on The Hits / The B-Sides).
Basic tracking for 200 Balloons took place on 15 February 1989 (just two days after the end of the Lovesexy Tour in Japan, on the same day as Batman Theme (a revamp of the track previously recorded as 19 (Jailbait)), at Paisley Park Studios in Chanhassen, Minnesota. The song was one of the first that Prince submitted for inclusion in the movie Batman and is the only b-side linked thematically with its storyline. 200 Balloons was planned for use during The Joker’s balloon parade (Baby I’m A Star had been used by the filmmakers to suggest what they wanted), but the filmmakers didn’t think it worked in the scene, and it was later replaced by Trust.