Coming on August 14th is Aerosmith‘s new three-CD and four-LP Greatest Hits collection. The career spanning compilation will be issued in conjunction with the band’s 50th anniversary tour, and features 44 tracks on disc, digital, and 180-gram custom color vinyl.

During a recent chat with Classic Rock, guitarist Joe Perry was pressed as to whether a new studio album is in Aerosmith’s future: “Not right at the moment. I just don’t see the time for it. I would put everything I have into doing another Aerosmith album, if that’s even on the cards. If we get time to work on some new music, that would be great, but knowing Steven (Tyler) and knowing our age and what it takes to do an album. . . I don’t know. I’m always playing, I’m always writing stuff, but at this stage, I can’t say. I just want to get through this next tour and play live and give something back to the fans.”

Perry spoke about the advancing age of himself and his bandmembers, explaining: “We’ve never been the kind of band that you can sit back and go, ‘Well, this is what the next three years are gonna be like, this is what our next five years are going to be like.’ Especially now, at our age. The air is getting thin up here, man. So many people are passing on into the next step, so to speak.”

Joe Perry maintains that the strength of any album begins and ends with the quality of the songwriting: “We’ve made records that have taken two years and cost millions of dollars. We made records in the early days that cost next to nothing. And the correlation between the two is never, ‘A great record costs a lot of money, or a s****y record doesn’t cost much.’ One doesn’t have anything to do with the other.”