It’s on, but don’t call it Live Aid II

Live Aid founders Bob Geldof and Midge Ure confirmed Thursday they are planning a star-studded concert to fight poverty in Africa – but insisted it wouldn’t be Live Aid II.

Rumors have swirled for weeks that a Live Aid sequel featuring megastars like Madonna, U2, Paul McCartney and a reunited Spice Girls would be held in Hyde Park in early July, days before leaders of the world’s richest nations meet for a G8 summit in Scotland.

“Once more into the breach,” Geldof said at the Ivor Novello songwriting awards ceremony in London. “What started 20 years ago is coming to a political point in a few weeks.”

While details remain under wraps, one star confirmed he would be participating. “Bob called me up and said I was doing it,” Sting said. “He doesn’t ask you, he tells you.”