Roger Ebert gave the film three and a half stars out of four and praised Busey's "remarkable performance as Buddy Holly. If you're a fan of Holly and his music, you'll be quietly amazed at how completely Busey gets into the character." Vincent Canby of "The New York Times" wrote, "There are a lot of actors in 'The Buddy Holly Story' — some of them very nice — but the movie is really a one-man show. It's Gary Busey's galvanizing solo performance that gives meaning to an otherwise shapeless and bland feature-length film about the American rock-and-roll star who was killed in a plane crash in 1959." Gene Siskel gave the film four stars out of four and wrote, "In a year in which we are inundated with films featuring rock music, 'The Buddy Holly Story' probably will turn out to be the best. That is because of Busey's galvanizing performance." Charles Champlin of the "Los Angeles Times" wrote, "The heart and soul and power of 'The Buddy Holly Story' is the uncanny, marrow-deep, robust, exhilarating, likable, superlative, overwhelmingly convincing portrayal by Gary Busey ... For once there is no lip-synching to someone else's voice, no feigning with the fingers to somebody else's strumming. Busey does it all himself, and it is one of those rare and stunning performances in which the person of the actor himself is totally lost to sight in his creation of someone else." Gary Arnold of "The Washington Post" wrote, "Gary Busey invests the title role with a personal charm so original and an emotional dedication so exhilarating that he seems to lift the material off its somewhat pedestrian feet."