Smashing Pumpkins' Jimmy Chamberlain: 'I don't think we'll make records anymore'

Are The Smashing Pumpkins quitting again? There's a lot more to this story, and the fate of the band, according to recent interview drummer
Jimmy Chamberlain gave to Spinner
.
The Smashing Pumpkins will begin recording new material later this spring, according to to Chamberlin, just not a full-length album. Fans awaiting their next release may have to do so in the form of singles that are released independently of each other.
Recording is "something we're going to get to on May 1," Chamberlin told Spinner. "We just bought a building, and my wife and I are in the process of moving back to Chicago.
Billy and I are going to start working every day like we used to, but I don't think we will make records again."
Their contract with Reprise Records is up, giving them the opportunity to release music differently in an industry whose landscape is constantly changing. "I look at it like the old business model is dead and the music business doesn't know how to move forward," Chamberlain continued. "We want to keep things vital and keep things viable and get our music across while remaining relevant. Music has in many ways just become an advertisement for your tour.
"People just don't buy records anymore. Anyone under the age of twenty-four just buys songs. It's just in our best interest to release blocks of songs. And I think what we'll do – not to let the cat out of the bag too much – is to create the framework where we can release a number of songs and maybe create a title."
While the Smashing Pumpkins' tide may have subsided years ago, Chamberlain makes a few excellent points on why bands need to plan their musical future carefully. Chamberlain also goes on to explain that fans may see their lineup grow from four to possibly eight members. Does that worry you as much as it worries me?