Cult indie rockers Panic At the Disco have urged fans not to panic after losing two group members. Guitarist Ryan Ross and bass player Jon Walker have announced they're leaving the band to form their own group, but founding members Brendon Urie and Spencer Smith have promised fans they'll honor all upcoming commitments, including an August 8 date with No Doubt in San Diego, California.

A statement from Ross and Walker reads, "Though the four of us have made music together in the past, we've creatively evolved in different directions which has compromised what each of us want to personally achieve. Over the years, we have remained close and honest with each other, which helped us to realise that our goals were different and that parting ways is truly what is best for each of us. We are all excited for the future, you should be too."

Panic At The Disco also have dates planned with reunited punk trio Blink-182 in August.

News of problems within the Panic camp started circulating after the band scrapped a headlining slot at Pennsylvania's MusicFest at the end of July. They have been replaced by The Commodores, who reunited with former frontman Lionel Richie at the Essence Music Festival in Louisiana over the weekend.

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(This news article provided by World Entertainment News Network)