Recording is nearly complete for Lost On The River: The New Basement Tapes, an album project from Elvis Costello, Rhiannon Giddens (Carolina Chocolate Drops), Taylor Goldsmith, Jim James (My Morning Jacket), Marcus Mumford (Mumford & Sons) and producer T Bone Burnett, who are in Capitol Studios together to create music for two-dozen recently discovered lyrics written by Bob Dylan in 1967 during the period that generated the recording of the legendary Basement Tapes.

The album will be released later this year and will be accompanied by a Showtime documentary titled, Lost Songs: The Basement Tapes Continued, directed by Sam Jones (the Wilco documentary, I am Trying To Break Your Heart). Lost On The River: The New Basement Tapes celebrates the discovery of new Bob Dylan lyrics from that noted 1967 period and marks a unique creative opportunity for Burnett, Costello, Giddens, Goldsmith, James and Mumford, who are bringing them to life nearly 50 years later.