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Michael Stipe, of the band ''R.E.M.,'' performs during a free outdoor concert in Toronto in this May 17, 2001 file photo. once dubbed ''America's Best Rock & Roll Band,'' said on September 21, 2011 they decided to ''call it a day'' after more than 30 years of generating hits and selling millions of records. Credit: Reuters/Andy Clark/Files Wed Sep 21, 2011 8:11pm EDT (Reuters) - R.E.M, once dubbed "America's Best Rock & Roll Band," said on Wednesday they had decided to "call it a day" after more than 30 years of generating hits and selling millions of records. Key members of the band, whose hits include "The One I Love" and "Losing My Religion," addressed fans in a posting on their website, thanking them for their loyalty and saying they have astonished even themselves with their accomplishments. "To our Fans and Friends: As R.E.M., and as lifelong friends and co-conspirators, we have decided to call it a day as a band. "We walk away with a great sense of gratitude, of finality, and of astonishment at all we have accomplished. To anyone who ever felt touched by our music, our deepest thanks for listening," the band said in its posting. R.E.M was originally comprised of singer Michael Stipe, guitarist Peter Buck, bass player Mike Mills and drummer Bill Berry, who suffered a brain aneurysm during the band's 1995 "Monster" tour and subsequently left the group. But even without Berry, the band continued to make records and tour. Overall, R.E.M. have released 15 albums since breaking through the ranks of rock acts in the early 1980s when they became a sensation on the U.S. college circuit singing their hit "Radio Free Europe." Their debut album, 1983's "Murmur," helped them build a cult following among America's youth, and they crossed over to mainstream success with 1987 hit single, "The One I Love" off the album "Document." In December of 1987, Rolling Stone magazine put the band on its cover and dubbed it "America's Best Rock & Roll Band," and after that came years of successive hits. "A wise man once said -- 'the skill in attending a party is knowing when it's time to leave.' We built something extraordinary together. We did this thing. And now we're going to walk away from it," Stipe said in the statement. Bassist Mills said that while making "Collapse Into Now" and on their recent tour to support the album, the band mates began asking themselves what would come next. They felt that the songs from that record drew "a natural line" between their work as a group and their future as individual artists. "We have always been a band in the truest sense of the word. Brothers who truly love, and respect, each other. We feel kind of like pioneers in this -- there's no disharmony here, no falling-outs, no lawyers squaring-off. We've made this decision together, amicably and with each other's best interests at heart. The time just feels right," Mills said. (Reporting by Bob Tourtellotte; Editing by Jill Serjeant) Entertainment Fashion Music Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap SnagFilms Expands Into New Platforms, Adds Narrative Films 2:50am EDT Major two-part expansion brings classic indie films and docs to a growing array of mobile devices and video platforms 'X Factor': Great, If You Like Watching Desperate People Play the Lottery (Review) 1:07am EDT Cruel knockoff of "American Idol" looks for drama in contestants' financial straits Obama, Romney, Perry Take Note: Twitter Offers Political Ads 21 Sep 2011 The ads will resemble "Promoted' tweets, accounts and trends 'Real Housewives' Star Taylor Armstrong: 'I Had Run Into the Street Screaming and Crying' After Husband's Suicide 21 Sep 2011 Armstrong said she asked EMTs if she could hug her husband's body before they took him away after his suicide We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (3) hopewell wrote: Athens, Ga – 1982. Dancing our butts off down at Tyrones on a sweltering August night. Soaked in sweat and beer in hand… Michael is gyrating onstage, covering an old Velvet Underground tune… the place is packed… the Townies are rockin’! …nobody knew what was to come. Michael, Mike, Peter and Bill… thank you so much for the music, the wonderful memories and the chance to be. Y’all will be missed! Sep 21, 2011 8:32pm EDT -- Report as abuse wowz wrote: Long overdue. Like, 2 decades overdue. Sep 21, 2011 8:38pm EDT -- Report as abuse wowz wrote: Long overdue, by about two decades. Sep 21, 2011 8:39pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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