One Direction, Adele, Ed Sheeran and Emeli Sande are among the stars taking part in this year's charity single marking its 30th anniversary
The original supergroup featured the likes of Bananarama, George Michael and Duran Duran, as well as U2 frontman Bono - the only singer to perform the same line in both the original and the most recent versions.
The Irishman was joined ten years ago by what were then fresh faces on the music scene including the likes of Will Young, Jamelia, Ms Dynamite, Rachel Stevens, Natasha Bedingfield, the Sugababes, Busted, Katie Melua, Lemar, Coldplay's Chris Martin and Travis singer Fran Healy.
Others, such as soul singer Joss Stone, were not born when the original was recorded, while Mercury prize winner Dizzee Rascal won acclaim for writing and performing a rap to accompany one of the verses.
The Government will be under immediate pressure to waive VAT on the charity single, as has been done in previous years.
Although the single's release date has yet to be disclosed, it is likely to be installed as an immediate favourite for the Christmas number one spot in the singles chart.
I See Fire singer Ed Sheeran and Scottish songbird Emeli Sande have confirmed they are on board - while it is also rumoured One Direction will take part.
Ed told The Mirror his involvement came around thanks to Coldplay's Chris Martin, who is also in the line-up and roped Ed in too.
The Thinking Out Louder singer revealed: "Chris came and sat with me at my O2 gig before Bob rang up. I was already on board before I was on board.
"Geldof knows everyone! I still haven't met him but he managed to get my number."
But who else will be join the superstar line-up to help raise money?
We suspect McBusted, who have signed a new record deal and are back out on tour, may also be in the mix, along with other chart stars.
Who would you like to see get involved, tweet us at @MirrorCeleb.
Bob Geldo appeared at Microsoft's Future Decoded event in London today and says he's resurrecting Band Aid to help West Africa fight "that nasty little virus" Ebola.
Bob Geldof says he's resurrecting Band Aid to help West Africa fight "that nasty little virus" Ebola. #FutureDecoded
— Tim Weber (@tim_weber) November 10, 2014 The Boomtown Rats star, 60, is organising the latest single recording with 61-year-old Scottish musician Midge Ure, and has recently revealed that reuniting with his band had helped him cope with his grief after the death of his daughter Peaches from a heroin overdose in April.
He said: "For those two hours I’m utterly, utterly lost in it. Somehow you’re allowed this other thing to come out and it is utterly cathartic, and so for two ours I forget it. I forget that stuff."
Bob got the idea of Band Aid after watching a BBC documentary on famine in Ethiopia.
The star wrote the lyrics and Midge Ure from the band Ultravox wrote the music and produced the track, which was no easy task since so many voices were involved.
It was the first of the big group charity efforts among musicians. A year later, US artists released We Are The World, and Bob soon started to help organise Live Aid.
The original video was directed by Nigel Dick, who had worked on some promos for The Boomtown Rats.
He was told about the project at short notice, he had no idea what the song was going to be and didn't have a budget, deciding to use just two cameras to film it.
Watch the original video below and try not to blubber..
The new logo for Band Aid 30 has been unveiled and it's BLUE.
Bob Geldof has been working on the art work with designers and the new logo includes the hashtag #e30la. In the past it has been both black and white and red and white.
The full line-up for this year's Band Aid will be revealed in the next 30 minutes.
Full lineup for #BandAid30 coming soon @GMB pic.twitter.com/07Bp1uiAeq
— Jane Witherspoon (@Janeyspoon) November 10, 2014 Ben Howard, Florence Welch and Sam Smith are apparently on the recruitment list too for this year's Band Aid.
Those at the press conference are tweeting that the words of the song will be tweaked to fit with the recent Ebola crisis.
Let's take a look at Band Aid in 1989, featuring Kylie Minogue, Bananarama, Cliff Richard, Bros and Chris Rea.
Bob Geldof has revealed why he decided to get musicians together once again for Band Aid 30.
At a press conference in London today, he said: "This is the worst kept secret in the world. We will reconvene nearly 30 years to the day.
"Three weeks ago I got a call from the UN saying they required a 20 per cent increase across the board. They are very concerned about the situation in West Africa.
"The phenomenal bravery of the health workers who volunteered to go out there.
"I don't like doing this stuff, it's quite embarrassing calling people you don't know, but it was that more than anything else that those people needed to be supported across the board, not just the people suffering from this filthy little virus.
"We called up some giants, and they said they would come again to the party.
"We had to re-tweak the lyrics. On average we spend £5,000 a day on the poor in Africa. This will be targeting West Africa.
"It's tragic that modernity has released this beast in the world. This Ebola. This is illness renders humans untouchable.
"For 30 years we have been boring people to death about the inequalities of the world. What they were dying of in 1984 was hunger. They died because they were poor."
Bob continued to talk about why him and Midge Ure have decided to bring back the charity single.
The Boomtown Rats singer said: "It is something wonderful that this country reaches out.
"He and I both feel, the Irishman and the Scotsman, should gather the pop crowd together again and do our thing.
"It really doesn't matter if you hate this song or you don't like this song, you have to buy this thing.
"The sleeve will be a unique artwork by Tracey Emin. I really urge everyone. Don't download it, don't look at it on YouTube, it's a couple of quid. It's a great thing to do at Christmas.
"I spoke to Quincy Jones two weeks ago, he will reconvene the American artists."
Here's Bob and Midge at the press conference this afternoon, they look a lot different from when this first started back in the early 1980s.
#bandaid30 Sir Bob Geldof and Midge Ure say Ebola victims need help now. pic.twitter.com/OucAzDr2ww
— Neil Connery (@neilconneryitv) November 10, 2014 Bob Geldof has written to David Bowie to ask him to reintroduce the video.
Rita Ora was on board until a couple of days ago but is contracted with The Voice. Bob has asked The Voice if they can work with them, they are yet to reply.
Bono and Chris Martin are both taking part and John Kennedy will bring the whole thing together.
The single won't be available on music streaming site Spotify until 2015.
Midge said: "We don't know who exactly is turning up yet. We will decide on the day. It's the contribution that is important, not what you sing."
Bob added: "It won't be available on Spotify until January. I'm a Taylor Swifty."
The already confirmed artists will be joined by:
- Adele
- Bastille
- Ellie Goulding
- Jessie Ware
- Paloma Faith
- Sam Smith
- Olly Murs
Renowned and at times controversial artist Tracy Emin has been confirmed to design the cover art.
The charity single will be released on 17 November and will cost just 99p to download.
It will be £4 to buy on CD.
The latest version of the song will have it's lyrics altered to reflect the 'filthy illness' - Ebola.
Bob Geldof refused to reveal who has the honour of singing the first line - in 1984 Paul Young at the honour.
Who would you like to see do it?
The world's biggest stars will be gathering together to record the single this Saturday!
Bob revealed he really wanted pop princess Rita Ora to take part but the BBC won't let her have time off from The Voice.
Coldplay will be performing on the single however they will be recording from Los Angeles due to prior commitments.
Following the announcement that the likes of One Direction, Bastille, Ed Sheeran and Sam Smith are involved in the new Band Aid Ebola charity single, lots of you have been airing your thoughts on Twitter.
One user wrote: "Band Aid 30 is a great idea - great thoughts you shared on BBC just now. I take my hat off to you once again to enter this task."
Another said: "Very excited to hear that #BandAid have such a great line up, will certainly be buying."
"Band Aid is gonna have 1D, Sam Smith and Ed Sheeran on. Shame I absolutely hate the song."
While some weren't so pleased with the line-up: "New Band Aid single with One Direction and Ed Sheeran? Shoot me now!"
Let us know what you think of the performers by tweeting us @MirrorCeleb.
Will the Band Aid single storm the charts this Christmas?
Paddy Power has it on at 1/4 for the top spot on 25th December.
And what about who'll get to sing the first line?
The bookmaker have Chris Martin as the current favourite with Ed Sheeran and One Direction next up to take the mic at 4/1 and 5/1 respectively.
