On the Smashing Pumpkins official website yesterday, the band's frontman Billy Corgan announced that the band has begun work on a new 44 song album to be titled "Teargarden by Kaleidyscope". As the band wraps up recording for each song, the plan is to make it available for download for free.
"My desire is to release a song at a time beginning around Halloween of this year, with each new release coming shortly after until all 44 are out. Each song will be made available absolutely for free, to anyone anywhere. There will be no strings attached," Corgan writes. "Free will mean free, which means you won't have to sign up for anything, give an email address, or jump through a hoop. You will be able to go and take the song or songs as you wish, as many times as you wish."
When all 44 songs are complete the band will release them in a box set.