Tough to find a news item able to trump the Thom Yorke forms new band headline presently shaking the music world to its core, but word that The Shins frontman James Mercer and Danger Mouse are also forming a new band comes pretty darn close.

The high-profile duo will be known as Broken Bells, which will release a debut album in 2010.

The website is live, but no new material just yet.

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The Dark Night Of The Soul project from Danger Mouse, Sparklehorse and David Lynch is quite possibly one of the coolest musical collaborations to come down the creative pike in some time, but the album has been shelved because of an ongoing battle with Danger Mouse’s label EMI.

According to reports, EMI Music blocked the release of the album, due out in July, over a contractual dispute.

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