UPDATE: Now Geldof’s Live 8 A Go?

(CelebrityAccess MediaWire) — In another turn of events, or at least a confirmation of rumors, it appears that Bob Geldof and LD Publicity actually are planning a concert to coincide with the G8 Summit to draw attention to Third World debt.

Geldof recently told The Times that another Live Aid would happen “over my f**king dead body,” but has reportedly been working to schedule an event, named Live 8 after Live Aid and G8, to happen days before world leaders meet at Gleneagles, Scotland for the international summit.

The show will replace this year’s Prince’s Trust’s Party In The Park. Keith Pringle, managing director of Capital FM, which partners with Prince’s Trust on the Party In The Park, has been quoted as saying, “London loves Party in the Park, but sometimes you have to do the right thing and step aside for the greater good.”

Martina Milburn, chief executive of The Prince’s Trust, added: “Capital and The Prince’s Trust are delighted to support Live 8 and we look forward to Party In The Park next year.”

Capital FM has agreed to provide ticketing and broadcasting for commercial radio across the U.K. at no cost, to help support Live 8.

The Live 8 gig, which Geldof insists is not related to Live Aid, will be held in Hyde Park. Rumored acts include giants U2 and the Rolling Stones, as well as Coldplay and Robbie Williams.

LD Publicity chief Bernard Doherty and other original Live Aid trustees, including U.K. promoter Harvey Goldsmith and Chairman and CEO of the International Federation of Phonographic Industries John Kennedy, are expected to meet to discuss the event within the next few days. –by CelebrityAccess Staff Writers