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Contrary to reports, Steven Tyler has not quit the band Aerosmith.

The rocker, who was widely reported to have quit his 40-year partnership with the band’s lead guitarist Joe Perry after a bitter rift, now says he does not intend to leave.

Trade daily The Hollywood Reporter cited unnamed sources that said Tyler is expected to make an announcement soon saying he didn’t quit the band and doesn’t plan to.

Joe Perry said he and the band were “positively looking for a new singer to work with”. Perry’s announcement came on his Twitter page after several weeks of hints from both Tyler and Perry. Tyler’s bouts of illness had caused the American rockers to shelve the rest of a North American tour. Perry and Tyler had been feuding after being songwriting partners for 40 years.

The Hollywood Reporter, meanwhile, said the band’s affairs were complicated lately by the fact of separate management and legal teams kept by Perry and Tyler.

It really seems like Aerosmith is really over and done for. Joe Perry’s Guitar Hero bus and another white bus were spotted outside of the band’s recording studio in Massachusetts earlier this week. Equipment was being moved out of the studio all day. The guitarist has spoken that whether or not lead singer Steven Tyler has quit or is just taking a bit of a vacation, the band will go on with their music. I don’t care if he has a big ego. It just won’t be Aerosmith if Steven isn’t involved. Maybe they should just sit this out and just make a comeback when they’re 100.

Aerosmith lead guitarist Joe Perry said that people can’t expect that their court ordered show in Hawaii in October to be as great as the rest of their concerts due to lead singer Steven Tyler’s injury. The band is obligated to perform though after losing a class action lawsuit due to a 2007 cancelled performance in Maui. Brandee Faria, the ringleader in the lawsuit says that “They know they can’t come out and do a 30-minute gig … because I’ll be there watching.” Mind you, Aerosmith just cancelled their tour back in August because Steven had a nasty fall and injured his shoulder.

Steven Tyler is back on his feet after taking a topple on a South Dakota stage.

The Aerosmith frontman said: “I landed upside down, and after 20 stitches on the back of my head, and a broken left shoulder, I just want to say that I’m plain grateful that I didn’t break my neck!”

Tyler, 61, who was airlifted from the scene in Sturgis, recalled: “Tens of thousands of my biker buddies were ready to rock! [It was] one of the best shows we’ve played in a long time! The band was slammin’ and I was lovin’ every minute of it!”

But electrical problems ensued and Tyler fell during the band’s classic Love In An Elevator. “Well, I wasn’t gonna go hide under the big top and play ‘ROCK STAR’ and wait for everything to be fixed,” he said. “I wanted to go out to the crowd to continue the show, so, the train kept a-rollin’ and I ran out on the catwalk and grabbed my mic to finish the song.”

Explaining how it happened, he said: “I was doing the Tyler shuffle and then I zigged when I should have zagged. And I slipped, and as I live on the edge, I fell off the edge!”

He also thanked “all the doctors and nurses at the Rapid City Hospital for putting my Humpty Dumpty ass back together again.”

“And most of all … I want to thank the angel on my shoulder,” he said. “Looking forward to seeing all of you very soon.”

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Aerosmith has recently announced plans to play a free concert for 8300 fans in Maui. But this is not exactly a handout because those fans were the ones that got burned after the band cancelled a 2007 show that didn’t give any refunds. Aerosmith cancelled the show after they got tapped to perform for some big wig executive. The angered fans tried to sue the group for lost costs but it seems that all will be forgiven if the concert, which is scheduled to take place in the fall after Aerosmith’s North American tour, takes place this time. Here’s to hoping no corporate luncheon happens at the same date.