US band will close three day festival in June of next year
Singer says band began jamming as they waited for drugs to arrive
Aerosmith were due to headline festival in July
Elton John also receives special award and Smokey Robinson debuts new song at the New York ceremony
The 65-year-old frontman admits to blowing $6million on cocaine
Steven Tyler also reveals he refers to vaginas as "the holy grail"
'Music From Another Dimension!' is set for release in November
Singer leaves to focus on his band's forthcoming new album and world tour
Band's 15th studio album is due out in late August
Guitarist says veteran rockers' new material will be 'modern and hi-fi'
But axeman promises fans their 15th studio album will be significantly better than 'Honkin' On Bobo'
The rockers' 15th studio album will be released during their Global Warming tour
The track is an outtake from their 1993 album 'Get A Grip'
But Tyler says his hard work is reason for band's success
Jack Douglas says horror writer would have inspired Steven Tyler
Singer says he was suffering from stomach illness during hotel accident
Frontman loses two teeth and suffers cuts to the face following accident
Director Ron Howard has snapped up the rights to the frontman's new book
Singer says band's first LP since 2004 is likely to drop next March
Jack Douglas also reveals that the band's new album is set for a May 2012 release