U2 performing at Fordham University in the Bronx. New York City, USA - 06.03.09

The announcement of the bands' shows come after their record label Universal Records struck a deal with the car sport's bosses to stage live performances at grands prix across Europe.

The concert series, F1 Rocks, will run in tandem to the championship races and will also feature stars from the worlds of film, fashion and sport.

F1 president Bernie Ecclestone says, "I've always said we are in the entertainment business and this deal marks a new dimension for Formula 1. I have high hopes for it."

Source: WENN