"We're getting together and putting on a show -- it's real," Terry Jones confirmed to BBC. "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 last time the five remaining members appeared together was at the Aspen Comedy Festival in 1998.
Idle tweeted information about the press conference out to fans.
Only three days to go till the Python Press Conference. Make sure Python fans are alerted to the big forthcoming news event.— Eric Idle (@EricIdle) November 18, 2013
Python meeting this morning. Can't wait. Press Conference Thursday will apparently be live on Sky News. I'll get you the online URL.— Eric Idle (@EricIdle) November 19, 2013
The first episode of Monty Python's Flying Circus was broadcast on October 5, 1969. The sketch comedy group went on to produce five films, including Monty Python and the Holy Grail.
There is some speculation that in a addition to a stage show, a film or TV deal could be in the works.
Notable deaths of 2014 [PHOTOS]