Smashing Pumpkins fans are in for two years of upgrades of the band’s iconic catalogue.

EMI is planning a two year project to remaster the Smashing Pumpkins back-catalogue, upgrade the albums with bonus tracks and make good by finally releasing the ‘Machina II: The Friends and Enemies of Modern Music’ album they originally rejected so Billy Corgan gave it away online.

In this time, Smashing Pumpkins will also release a new album titled ‘Oceania’, an album within an album. The band will enter the studio next month to put down 10 tracks for ‘Oceania’ to be released as a single CD as part of their 44-track project ‘Teargarden By Kaleidyscope’.

The project comes with the full co-operation of Billy Corgan. “What makes the deal with EMI groundbreaking is the band has secured the right to all unreleased materials and will be in charge of any additional releases based on our discretion,” says Corgan, who founded the band in Chicago in 1988. “In essence, the band has the keys to the warehouse and can release whatever we want, when we want it. EMI totally supports this right, and they are our partners in it.”

The first of the reissues will be ‘Gish’ (1991), ‘Siamese Dram’ (1993) and ‘Pisces Iscariot’ (1994).

In 2012 EMI will release ‘Mellon Collie and the Infinite Sadness’ (1995), the 5 disc ‘The Aeroplane Flies High’ (1996) and ‘Adore’ (1998).

In 2013, ‘Machina/The Machines of God’ and ‘Machina II: The Friends & Enemies of Modern Music’ will be combined into one album for the first time.

Over at smashingpumpkins.com, fans can download the free tracks that make up the ‘Teargarden By Kaleidyscope’ album. A new song ‘Owata’ will be released as a free download next week.

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