The 32-year-old's group is called The Light and features Charlie Turner and Bryan Johnson from Liverpool rockers The Dead 60s, who split last year.
Speaking about the venture, James told The Sun: "I have been playing music since I was 9 and writing along the way.
"I met my band about a year ago. Producer David Kahne introduced us and my dad helped. I am currently recording an album. The music was inspired by The Beatles, Nirvana, The Cure, PJ Harvey, Radiohead and all good music."
James previously performed and co-wrote tracks for two of his father's solo albums - 1997's Flaming Pie and 2001's Driving Rain.
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