Stone Temple Pilots guitarist Dean DeLeo and bassist Robert DeLeo have announced that with the release of their greatest hits package "Thank You" last Tuesday, the band has decided to split and move on.

"It was time to move on to other things," said Dean. "Life and personalities and brotherhood took its course."

Guitar One magazine said the brothers were excited about future projects by former band members, including an album release by singer Scott Weiland with his new band Velvet Revolver, planned for early next year.

"Dean and [drummer] Eric [Kretz] and myself, I think, all feel a sense of sadness, relief, anger, melancholy about it," said Robert. "But to try and go and accomplish something with this band after we've already peaked is a bit cheesy. There's a cheese factor with guys hitting 40 trying to recapture glory.

"There's no way to go but out."