Monuments To An Elegy marks the iconic alternative band's eighth studio album and is the follow-up to their 2012 critically acclaimed album Oceania. The new album was recorded in Chicago by Corgan with Smashing Pumpkins guitarist Jeff Schroeder, who's been in the band since 2007. Playing drums throughout is Tommy Lee.
The album was produced by Howard Willing (who first worked with the Pumpkins on the Adore sessions), Corgan and Schroeder. It was mixed by David Bottrill and mastered by Howie Weinberg, who did the same honours for Pumpkins classics in the 90's. Monuments to an Elegy is "an album within an album," part of their ongoing work-in-progress Teargarden By Kaleidyscope (with Day For Night as the project's last work).