Bob Dylan's first new album in five years, 'Modern Times', will arrive in stores and online on August 29.

The artist's 44th album features 10 new songs recorded earlier this year with Dylan on keyboards, guitars, harmonica and vocals, accompanied by his touring band.

Early critical response to 'Modern Times' includes a forthcoming five-star review in Rolling Stone, in which Joe Levy calls the record Dylan's "third straight masterwork". Robert Christgau writes in Blender that Modern Times is: "Startling. Radiates the observant calm of old masters who have seen enough life to be ready for anything — Yeats, Matisse, Sonny Rollins."

In the UK, Uncut has also awarded Modern Times five stars, and in Mojo, Robert Hilburn has written: "[Modern Times] is in the passionate tradition of his last two superb albums, 1997's biting, bruising 'Time Out Of Mind' and 2001's more jubilant and eclectic 'Love And Theft'. Dylan looks into the heart of the modern age and tells us what he sees in a vision still commanding and bold."

A pre-sale of 'Modern Times' through the iTunes Music Store resulted in the record rising to #1 on their Top Albums charts in the U.S., Sweden, Finland and Portugal, and into the top five in the UK, Canada, France, Germany, Italy, Spain, Australia and Norway, all more than two weeks prior to the album’s release.

Columbia Records President Steve Barnett stated: "A new Bob Dylan record is an event. Bob is that rare artist whose music defies all trends and resonates throughout all levels of our culture, and he continues to be as contemporary and relevant as any artist in music.

"We’re approaching 'Modern Times' as the third release in an outstanding trilogy of recorded works — along with 'Time Out Of Mind' and 'Love and Theft'. This is a staggering record by any standards, and is a major priority for our company, worldwide."

Dylan has sold nearly 100 million albums and performed literally thousands of shows around the world in a career spanning five decades.

His most recent studio albums, 'Time Out Of Mind' and 'Love and Theft' have been among his most commercially successful and critically lauded, each having sold more than a million copies in the U.S. and earning Grammy nominations for Album Of The Year. 'Time Out Of Mind' won that award in 1998.

He wrote and recorded 'Things Have Changed' for the 2000 film 'Wonder Boys', for which he received both the Academy Award and Golden Globe.

The first volume of his memoirs, Chronicles, was one of the most acclaimed and best-selling non-fiction works of 2004, and last year’s 'No Direction Home' film, directed by Martin Scorsese, documented Dylan’s early career and rise to fame. The film won a Peabody Award in 2006.

Bob Dylan’s weekly XM Satellite Radio show, Theme Time Radio hour debuted in May and has quickly become one of that network’s most popular programs.