In some ways, Corgan is doing both: He's launched a new spirituality website, Everything from Here to There, and a record label that will release new material from seminal '70s punk band the Germs, among others.
"Pop has thrived over artist explorations, which basically kills great art," he says. "Our [label] model is artists we know, who have a past, and to release art that is quality. There is no expiration date on talent. "
The Smashing Pumpkins officially broke up in 2000. At their last Los Angeles concert, Corgan proclaimed from the stage, "Rock is dead." Looking back on that moment, he says: "It was stupid to say it, but I wasn't wrong. The culture I grew up in that made bands into gods was over."
He worked on solo projects, released a book of poetry and reformed the Smashing Pumpkins in 2005. The band is now back in the studio, recording their first album since 2007, a 44-song epic titled Teargarden by Kaleidyscope, their first effort without a major label.
Corgan explains he will release a song at a time as a free download until all 44 tracks are out. He will also release a set of limited edition collector's EPs comprised of four songs each and a final full-blown, numbered box set of all 44 tracks. To date, three songs have been made available, "A Song for a Son," "Widow Wake My Mind" and "A Stitch in Time" at SmashingPumpkins.com.