Billy Corgan says he changed his mind about the direction of Smashing Pumpkins' 'Day for Night,' the planned follow-up to 'Monuments to an Elegy,' after that album's reception.

Prior to the release of 'Monuments' earlier this month, Corgan had mentioned in interviews that he was planning for a more artsy, experimental third album in the 'Teargarden by Kaleidyscope' collection, but he recently told NME that's no longer the case.

"Seeing ‘Monuments’ come out and going to back the ‘Day for Night’ demos, I feel that the Smashing Pumpkins shouldn’t be an arty band anymore," said Corgan. "‘Monuments’ is a little bit too comfortable. ‘Day for Night’ is going back to something that would appeal to my teenage self. ‘Monuments’ is really cool and I love having re-embraced my pop leanings. But is that why I really started the band? Is it what drove me forward? Not at all. ‘Monuments’ is me solving a problem of how to get the Smashing Pumpkins back into the mainstream. I had to solve that problem before I can solve problem two, which is where ‘Day for Night’ comes in."

He also took some time to bash European festivals for attempting to slot the Pumpkins in before one-hit-wonders and said he won't be playing many again. “If we get the slots we want, we’ll come. But we’ve seen who else is on the bill, and we’re expected to go on before a band who have had one quasi-hit that’s not even that popular. Sorry, but that didn’t work for me in 1992 and it doesn’t work for me now," he said. "How is it that the Smashing Pumpkins still sell tickets, but you’re offering me this poor slot? It’s disappointing.”

In a separate interview with a French radio station, Corgan also said he had turned down an offer to write for Miley Cyrus. "The problem is — and this is nothing against her — but that whole world in L.A. is they want you to write a bunch of songs, then the pop people pick through (and say), “I want that one, I want that one.” I don’t do that," he said. "If she called me and said, 'Would you write a song with me?,' I would consider it. Because... she is very talented, and it would be a cool thing to explore. But I’m not going to write a song and sit by the fire, hoping that Miley will pick my song over the next stupid song."

Watch the entire interview below via Alternative Nation: