The Academy Is - The Academy Is Split

The punk group, which was once signed to Fall Out Boy rocker Pete Wentz's record label Decaydance, released three albums, beginning in 2005 with Almost Here.

Releasing a statement to announce the news via NME.com, frontman William Beckett writes, "I'm having a hard time starting this. I could say something like 'pride comes before the fall', or 'the skill in attending a party is knowing when to leave'. Rather, I'm going to just come right out and be honest. The September (11) show in New York was the last show for The Academy Is. While this is a very difficult decision to make, I believe in my heart that it is the right decision to make.

"For years there has a been a growing distance felt within the band as we've progressed, both geographically and artistically and instead of trying to patch the holes that we're left with, my heart tells me its time to move on with the next chapter of our lives. I want to thank the fans, the world's greatest, for all of your love and support."

Beckett intends on staying in the music business, adding, "While this is the end of 8 unforgettable years of The Academy Is... this is not the end of my story. Not by a long shot. I will be working on a new record in the coming months and have never felt more freedom and inspiration to create my best and most honest work yet."