Monty Python set to reunite for a stage show

The original members of Monty Python, from left, Michael Palin, Terry Jones, Eric Idle, Terry Gilliam and John Cleese attend the opening night of "Monty Python's Spamalot" at the Shubert Theatre on March 17, 2005, in New York.
Evan Agostini/Getty Images

Big news in the comedy world: Monty Python is set to reunite for a stage show.

Python member Terry Jones shared the news with the BBC on Tuesday.

"We're getting together and putting on a show -- it's real," he said. "I'm quite excited about it. I hope it makes us a lot of money. I hope to be able to pay off my mortgage!"

The reunion is expected to be announced officially at a press conference being held in London on Thursday. The announcement will be made live, according to a tweet from Eric Idle:

The group had its first big success with the Monty Python's Flying Circus TV show, which ran from 1969 until 1974, winning fans around the world with its bizarre sketches. The group branched out into movies including "Life of Brian" and backed theatrical shows such as "Monty Python's Spamalot."

The five surviving members last performed together in 1998 at the Aspen Comedy Festival. The sixth member, Graham Chapman, died of cancer in 1989.