The band, who release their ninth studio album later this year after releasing single tracks online as part of their 'Teargarden Of Kaleidoscope', said the success of the album will shape their future together.
Speaking to Billboard, Corgan said: ''If we're able to get that sense that something is happening again and get people to rally behind us a bit, I think the next three, four years will be very interesting for the band. I think if ['Oceania'] basically hits the same wall a lot of the other stuff has hit, we're going to have to step back and really evaluate where we're going, because it's a tremendous amount of energy to put out to just feel like you're throwing a pebble in the ocean."
Smashing Pumpkins have announced details of a UK tour, which is due to take place in November.
The tour also includes two gigs at London's Brixton Academy on November 15 and 16, and will conclude at the O2 Academy in Birmingham on November 19.
Tickets are on sale now For more details and to buy The Smashing Pumpkins tickets, check out Gigwise Gig Tickets.
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I think up-and-coming bands should use the Pumpkins as a good example of how cutthroat the music industry is. Corgan wrote some timeless songs during the 90's, amassed a huge following, but decided to deviate from that recipe and write the music he wanted to write at the time. As a result, everyone who once loved the SP just....left. And even now, the new music (with some real gems scattered throughout, however) just doesn't cut it. Its plain and simple bad. The pumpkins have been reduced to the standing of less than an indie band , when they could have been selling out stadiums time-and-again.
I always wish the best to Billy. But he hasn't made some good career choices. it was a fair trade-off that he saw coming though. I hope Oceania brings his group back o its former glory.