Ohmygod. I need a freaking paper bag and an attending over here... One of my favorite 80's bands has confirmed a new studio album and tour!

In a statement, frontman Neil Finn said: "After spending most of last year making music and hanging out with my friend Nick Seymour we are now announcing our intention to reform Crowded House with a new record entitled 'Time On Earth'.

"It feels right to us that the band should re-emerge at this time and together with Mark Hart (guitarist) we look forward to reconnecting with the audience that we established and whom we still hold a deep respect."

Finn commented on the absence of drummer Paul Hester, who took his own life in 2005. He said: "We are conscious that Paul Hester was above all a great drummer and we are currently auditioning to find someone special to take that role."