Smashing Pumpkins will release two albums in 2015.  One is called Monuments to an Elegy and the other is Day for Night.

Elegy, which features Motley Crue drummer Tommy Lee, has been recorded.  The recording for Day for Night has not begun.

It is unclear what will happen with the Smashing Pumpkins after those two albums.  If they don't have an immediate connection with listeners, Corgan may end his band.

Billy Corgan tells the Chicago Tribune:

"When this process is over, I'm either going to bail on this ship for good, like 'I'm done,' or I'm going to have a new ship to sail on.  "How do you reach through the fog as an artist? How do you punch your way back through? How do you say, 'I still matter'? How do you say, 'How does one of my contemporaries get treated like a contemporary artist, and how do I get treated like I'm supposed to play "Siamese Dream" for the rest of my life?' At some point you've got to fight this fight or go away."

The Smashing Pumpkins was one of the most commercially successful bands of the 1990's.  The band's two biggest albums were 1993's Siamese Dream and 1995's double album Mellon Collie and Infinite Sadness.

After those two albums, the band's commercial popularity began to wane.  The band broke up in 2000.  Smashing Pumpkins reunited for their first show in years in 2007.  But, Corgan remains the only member from the band's 90's heyday.