Cult group ‘My Bloody Valentine’ have reformed and planned to record a new album. Kevin Shields’ British rock act started an album in 1996 and are now three quarters of their way through it, according to the frontman in a rare interview with Show Soft Focus. The group are hoping to release the new album before the end of 2007. My Bloody Valentine haven’t been active since 1995, but this summer, speculations arose of a group reunion, when they were linked to the 2008 Coachella Valley Music and Arts Festival.