Crowded House has confirmed newspaper speculation over the past week that it will reunite for a 12-month world tour this year.

Although tour dates are yet to be finalized, the act will appear at April's Coachella Music and Arts Festival in California along with Bjork, Red Hot Chili Peppers and Rage Against the Machine, among others.

A new album "Time On Earth" will be released to coincide with the performances, according to a statement from their label, EMI Music Australia.

The line-up will include founding frontman and guitarist Neil Finn, bassist Nick Seymour, and touring keyboard player Mark Hart. Auditions were held in Melbourne this week for a drummer, to replace the late Paul Hester. These auditions will extend to Auckland and Los Angeles in coming weeks, a source close to the band confirmed to Billboard.biz.

"It feels right to us that the band should re-emerge at this time," New Zealand-born Finn said in a statement. "We look forward to reconnecting with the audience that we established and for whom we still hold a deep respect.

"We aim to make the upcoming shows and the new music every bit as vital and spirited as what has come before."

Crowded House released four studio albums between 1985 and 1996, all of which topped the Australian and New Zealand charts. Its self-titled debut album reached No. 12 on the Billboard 200 on the back of smash single "Don't Dream It's Over", which reached No. 2 on the Billboard Hot 100.

Follow up album "Temple Of Low Men" from 1988 peaked at No. 40 in the United States.

The trio built a huge following in the United Kingdom, where the 1993 album "Woodface" reached No. 6, and hits set "Recurring Dream" hit No. 1 in 1996.

Down Under, the band continues to have success. "Farewell To The World", a 2006 DVD of their 1996 farewell show on the steps of Sydney Opera House before 120,000 fans, is its latest success.

The DVD topped the Australian Recording Industry Assn. (ARIA) DVD chart and certified 4-times platinum (60,000 units). It peaked at No. 2 on the Recording Industry Assn. of New Zealand (RIANZ) chart and has been certified platinum (7,500 units).

They folk-rock group also flirted with an Australian tour in 2005 when "Recurring Dream" overtook Savage Garden's self-titled debut album on Roadshow Music as the biggest-selling domestic album, with sales of 800,000 units (11 x platinum).

The idea was scrapped after Hester took his life that year. But Finn says that Hester's death brought him closer to Seymour. He invited the bassist to play on his solo album, and the sessions developed into a Crowded House project.

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