Smashing Pumpkins is taking a page from Radiohead's pay-what-you-like business model the band used for its In Rainbows album, but rather than asking listeners to pony up a self-imposed fair price, Smashing Pumpkins plans to give away 44 songs free of charge.
The band said it had begun recording its new album on Tuesday called Teargarden by Kaleidyscope, which will feature 44 songs in all.
"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," Billy Corgan, lead guitarist for the Smashing Pumpkins announced on his blog. "Each song will be made available absolutely for free, to anyone anywhere. There will be no strings attached. Free will mean free, which means you won't have to sign up for anything, give an email address, or jump through a hoop."
Corgan went on to say the band plans to sell highly limited edition EPs, details of which are still being hashed out. Other variants may also be made for sale, such as a digital single with a demo version of a song, Corgan added. And once the entire album is finished, fans will be able to buy a deluxe box set.