My Chemical Romance Announce Break UpMy Chemical Romance announced on their website Friday that the band will no longer work together and  "it has come time for it to end."  The group had been working on new tracks in their new LA recording studio.

Over the weekend, lead singer Gerard Way published a 2,000 word essay that delved further into the breakup.

"My Chemical Romance had, built within its core, a fail-safe...a doomsday device, should certain events occur or cease occurring, that would detonate," wrote Way. "Since I am bad with goodbyes, I refuse to let this be one. But I will leave you with one last thing—My Chemical Romance is done. But it can never die. It is alive in me, in the guys, and it is alive inside all of you. I always knew that, and I think you did too. Because it is not a band—it is an idea."

Meanwhile, you can see Epiphone signature artist and now former MCR guitarist Frank Iero in his new group with touring member James Dewees called Death Spells.  Look for Death Spells on tour this spring with Mindless Self Indulgence. You can also catch Death Spells at the Skate and Surf Festival May 18-19 in Freehold, New Jersey.  Read our exclusive interview with Frank and stay tuned for more new about Death Spells and the end of MCR.