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November 10, 2014 11:31 AM

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Geldof confirmed at a conference in London that the song would be re-recorded. The new lineup is expected to include boy band One Direction and singers Ed Sheeran and Sam Smith, British media reports said.

The original song, which raised £8-million ($11-million), featured some of the era’s biggest acts including U2’s Bono, George Michael and David Bowie. It has been re-recorded twice in 1989 and 2004.

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