Former Smashing Pumpkins producer and current Billy Corgan collaborator Kerry “Studio Dog” Brown announced via a post on his blog that he and Corgan would soon be starting their own record label.

The label does not have an official name just yet, as some legal issues need to be cleared up before putting anything in ink.  The new venture will handle the release of the experimental, multi-release, 44 song, free album project “Teargarden By Kaleidyscope” as well as a number of already signed bands.

The Germs,  The Strawberry Alarm Clock, The Electric Prunes, Starchildren, Fancy Space People and YaHoWha 13 make up the initial group of artists who joined the label, all of which will be releasing new material later this year.

Brown also gave an update on the current status of the “Teargarden By Kaleidyscope” project, stating:

We have 5 songs mixed and another song is tracked and ready to be mixed. Song number 2 should be ready for download within the next 2 weeks. I will let you know when we have a solid date.

And would you look at that folks, a post about Billy Corgan and not one snarky comment (til now). Alas, even a broken clock is right twice a day…