According to The Pulse Of Radio, SMASHING PUMPKINS frontman and sole original member Billy Corgan blasts the major labels in a new interview with Spinner.com, saying, "Something about the need for the major label system to corner the market has squeezed the excitement out of music. It's almost like the restaurant where the prices are too high — you can't enjoy your food. You feel like you're getting ripped off, but you don't know why. Fans overall have rebelled."
Corgan has been out of the system since 2008, when the PUMPKINS became free agents following the disappointing response to the PUMPKINS' 2007 comeback album, "Zeitgeist".
The PUMPKINS have been recording and posting songs online for free on a regular basis since last year, with a total of 44 tracks scheduled to be completed and collected in a massive set called "Teargarden by Kaleidyscope".
Corgan says that posting the tracks online has brought back freedom and a sense of community to the listening experience, explaining, "I grew up in the '70s and listening to the radio was important. We all listened and we all had a common experience . . . We've kind of lost that."
Corgan adds that the music industry continually refuses to catch up to the times: "Now we have a system of middle-of-the-road non-risk-takers that seem to be risk-takers but aren't really. It's systemically rewarding the wrong end of the art world."