Taylor Swift hosted a live web chat Monday night to announce details of her brand-new album and single…

The country megastar revealed her fourth studio album entitled Red will feature her first single “We Are Never Ever Getting Back Together.”

Taylor played the song in front of a live audience of people along with more than 75,000 people watching worldwide.

“When I’m writing an album, my world becomes a big storyboard,” Taylor says. “And everyone in [my life] has potentional to become a character. The last two years have been really inspirational. I’ve been constantly writing.”

She revealed the album will include a total of 16 songs, not including any bonus tracks.

As for a tour to promote Red, Taylor says she’s already planning the details. No official word on that yet.

Hear ”We Are Never Ever Getting Back Together” tonight on CMT Radio Live. The song will be available on iTunes Monday (8/13)  night, and Red hits stores October 22nd.