AC/DC have announced a brand new studio album, “Rock Or Bust”, set to be released on December 1.

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The group have also confirmed founding guitarist Malcolm Young’s retirement from the band, due to health problems, which makes “Rock Or Bust” the group’s first ever release without Young.

Instead, the Young brothers’ nephew, Stevie Young, joins the group on the new album and on its accompanying world tour.

The 11-track “Rock Or Bust” was produced by Brendan O’Brien and recorded at Warehouse Studio, Vancouver, earlier this year. It will be AC/DC’s first album since 2008’s Black Ice, which has sold nearly eight million copies since its release.

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A track from the new album, “Play Ball”, will receive its premiere on Turner Sports as part of the 2014 Major League Baseball Postseason campaign, from September 27.