Arcade Fire, seen performing in 2007, will be the first concert in the Unstaged series to be streamed on YouTube and Vevo. ((Ryan Remiorz/Canadian Press))

Indie band Arcade Fire plans to stream a New York City concert live on YouTube.

The Montreal rockers are scheduled to perform at Madison Square Garden on Aug. 5.

The show will be accessible to fans on the video-sharing website, a representative for the band confirmed Wednesday.

The band will release its third album, The Suburbs, on Aug. 3. The album will come with eight different — though similar —  covers. Some of the new material will be familiar to Canadian fans who may have attended a recent round of hastily announced gigs in select locations.

The streamed concert is the inaugural edition of a new online concert series, dubbed Unstaged, with events streamed live both on YouTube and music video site Vevo.

The Arcade Fire show is the first in a planned series of five live concerts, with John Legend and the Roots among the other acts to follow.