Rockband 4 has been announced for PS4 and Xbox One and is releasing this year announced by Harmonix Music systems.

The last installment in the series was launched in 2010 and by Harmonix themselves admin the series needed a break.

Your purchased songs from previous Rock Band iterations will transfer to the new generation of consoles, with a few  exceptions. Your purchases are tied to your console account, Xbox One players will only be able to import Xbox 360 DLC, and PS4 players can only bring in PS3 DLC. However, there will be no import fee to bring your DLC into Rock Band 4.

There are some licensing restrictions in the air as well. Some of Rock Band 3’s music that was featured on disc won’t make the jump to the new platforms. Harmonix has stressed that this may be resolved if a deal can be reached. In addition The Beatles: Rock Band will not be making the move to Rock Band 4.

Backwards compatibility with your old plastic guitars and drums are still up in the air, as both the Xbox One and PlayStation 4 utilize different wireless controller communication protocols. Harmonix is in active discussions with Sony and Microsoft to arrange for adapters to be sold that allows users to plug in their old kit.

“It is a challenge, but it’s something that [Sony and Microsoft are] working actively with us on,”Harmonix CEO Alex Rigopulos explained. “I am confident that we’ll be able to find workable solutions.” Harmonix adds that they’re getting back to the “core” Rock Band experience, and thus keyboard will not be supported.

Also Harmonix wont be releasing yearly sequels to saturate the market something they know caused IP fatigue in the past. Instead Harmonix will use Rock Band 4 as a sole platform and will add to it over time.

“Going forward, our goal is to view [Rock Band 4] as more of a live service where we can gradually and incrementally append new functionality to the core experience rather than having $60 annual title updates,” Rigopulos said.