Billy Corgan of The Smashing Pumpkins

Billy Corgan of The Smashing Pumpkins performs on stage at Paradiso on July 26, 2013 in Amsterdam, Netherlands.

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The Smashing Pumpkins signed a new record deal and will release two new albums of "guitars, guitars, and more guitars" in 2015, frontman Billy Corgan announced Tuesday on the band's new website.

Through an artist services deal with BMG, the band will release "Monuments to an Elegy" and "Day for Night" via Martha’s Music/BMG. They stand to be the group's ninth and 10th studio albums and first since 2012's "Oceania."

Corgan promises a guitar-driven release, "but more so on the epic side of things than say, grossly metallic." Recording began today with production from Howard Willing, who helped engineer the band's electro-rock set "Adore" in 1998. A first single should be out by "year's end," according to Corgan.

Fans will have the opportunity to watch the recording progress, Corgan says, with something called "The Panopticon." He describes it as an ongoing feature with "items regarding each day’s recording will be shared that same evening, with song titles, lyrics, poetic impressions, pictures, sound clips, studio gear and the like offered for a circuitous, bird’s eye view of the process as it unfolds."

"Oceania" debuted and peaked at No. 4 on the Billboard 200, and has sold 135,000 copies in the U.S., according to Nielsen SoundScan. The act's previous set, 2007's "Zeitgeist," peaked at No. 2, and has moved 428,000.

In total, the band has sold 17 million albums, topping the chart once, with 1995's "Mellon Collie and the Infinite Sadness." Watch the video for "1979," a standout track from that release: