yes but Sweet made it famous. So, there is a very rare chance that you'll hear the original by Blue Oyster Cult.
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"Sweet" is the name of the band. They also did "Fox On The Run", another hit from the 1974 album "Desolation Boulevard". It was done by Sweet in 1975. There were actually 4 bands that performed "Ballroom Blitz." Sweet, Krokus, Blue Oyster Cult, and The Misfits The Buzzcocks also performed it. Like everyone else said, from The Sweet. But I really think it's THE Sweet. :)
Blue Oyster Cult
fire of unknown origin by blue oyster cult
The song is called "Twilight zone" and was sung by a Dutch band called Golden earring. There is also a version by Blue Oyster Cult.
Everybody wants to rule the world - Tears for Fears