Last week, seminal indie group Grizzly Bear shared their first new song in five years, “Three Rings.”

While the band are ready to release a new album, they won’t be for a little while. Singer Ed Droste shared an update on Instagram last night, clarifying that a new album would not be coming out “immediately.”

“Because of a crazy hectic year in the ‘indie’ world we are not releasing immediately,” he wrote.

He continued:

“It’s an honor to be releasing music amongst so many amazing artists I respect, but that also means venues are busy and the schedule is crowded. If I could I’d release the album tomorrow, but then I wouldn’t be able to perform for too long b/c of festival season and previously booked venues. Trust we are excited and we are gonna keep sharing and this isn’t a giant marketing scheme, it’s just how the calendar played out!”

Sorry, one last post about being excited about our new song, and album …..it's been so long and I'm the too excited ! I hope you all enjoy ❤️❤️❤️ ps. Because of a crazy hectic year in the "indie" world we are not releasing immediately. It's an honor to be releasing music amongst so many amazing artists I respect, but that also means venues are busy and the schedule is crowded. If I could I'd release the album tomorrow, but then I wouldn't be able to perform for too long b/c of festival season and previously booked venues. Trust we are excited and we are gonna keep sharing and this isn't a giant marketing scheme, it's just how the calendar played out! ❤️❤️❤️ THANK YOU ALL!!! can't wait to play out again ! Pps. Homemade video in bio ❤️

A post shared by Ed Droste (@edroste) on May 8, 2017 at 8:56pm PDT

Watch the video for “Three Rings” below: