New Jersey pop punkers My Chemical Romance are winding down the touring commitments in support of their last album, Danger Days: The True Lies of the Fabulous Killjoys, and according to guitarist Frank Iero, the band members may pursue their own side projects before reconvening for another record.

Speaking to Kerrang! (via NME), Iero, who already has a side gig in Leathermouth, doesn't rule out the possibility that his fellow My Chem bandmates could start up their own personal projects.

"I can see the other guys branching off and doing other things," Iero said. "Gerard [Way] has his writing, and he has plans for that, but he wants to direct too. And Ray [Toro] is such an incredible talent. I'd love to see him get the credit he's due. I can see us branching off, but always coming back to this."

Seeing as MCR are one of the biggest bands in rock today, that's probably a wise decision. Iero also hinted that a new My Chemical Romance album could come sooner rather than later.

"We're being very creative right now," says the guitarist. "There are some really bright and creative things going on. At every soundcheck, we're coming up with new pieces of music that could turn into something incredible. So we're hoping to get into the studio soon and really harness that."

They also need to find a new permanent drummer after former stickman Michael Pedicone was fired for stealing from the band.

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