The track "Affairs of the Heart" originated in summer 1988 sessions by Lake with Geoff Downes under the project name Ride the Tiger. Another song from the sessions, "Money Talks", became "Paper Blood" with a different chorus and new music. Ride the Tiger was finally released in 2015.
Black Moon received mixed reviews, failing to obtain the acclaim of their earlier work. Jim Allen of AllMusic rated the album 2 out of 5 stars, saying, "The original trio's first studio album in a dozen years suffers from the inevitable ageing and darkening of Lake's voice, and a lack of real impetus."[1]
Half of the album's songs were played at the band's 1992-1993 concerts. Greg Lake also used to play "Paper Blood", "Farewell to Arms" and "Footprints in the Snow" at his solo performances in 2005. Notably, "Farewell to Arms" was played at the group's final concert, at the High Voltage Festival in July 2010.