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Legendary Australian '80s rockers INXS will be calling it quits, according to Billboard. The band wrapped their final gig in front of over 15,000 fans on Sunday (November 11th) in Perth, Australia performing their early-'80s classic "Don't Change" with Matchbox 20's Rob Thomas, who was on the bill, singing along for the band's live finale.

The band -- Tim, Andrew and Jon Farriss, Kirk Pengilly, and Garry Beers -- issued this statement, posted on "We understand that this must come as a blow to everybody, but all things must eventually come to an end. We have been performing as a band for 35 years, it's time to step away from the touring arena. Our music will of course live on and we will always be a part of that. We would like to express our heartfelt thanks to all the friends and family that have supported us throughout our extensive career. Our lives have been enriched by having you all as a part of the journey."

INXS, who was a mainstay on MTV throughout the '80s, broke massively in the U.S. with its 1987 blockbuster Kick, which sold over 10 million copies and featured such standards as "Need You Tonight," "Devil Inside," "New Sensation," "Never Tear Us Apart" and "Mystify." Other hits included "Don't Change," "The One Thing," "Listen Like Thieves," "Suicide Blonde" and "Disappear."

The band's fate took a massive blow with the 1997 suicide of charismatic frontman Michel Hutchence. The band carried on with guest vocalists including Jimmy Barnes, Terence Trent D'Arby, and Jon Stevens.

INXS confused longtime fans by looking for their new permanent singer through a highly publicized reality show, which earned Canadian J.D. Fortune a stint as the band's frontman. In 2011 Irish singer-songwriter Ciaran Gribbin officially replaced Fortune.

Guitarist Tim Farriss told us that the bonds between the members of INXS were set from the beginning: "It was kind of a commitment -- everyone left their girlfriends, and their jobs, and whatever, and we all headed off to Perth for a year to write a lot of songs and live as musicians. And I think that we formed a lot of common bonds back then that are still relevant today."

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