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In popular music, a side project is a project undertaken by one or more persons already known for their involvement in another band. It can also be an artist or a band temporarily switching to a different style.

Usually these projects emphasize a different aspect of that person's or that band's musical interests that they feel they cannot explore within the boundaries established by their main project. Side projects can later become full-time endeavours, but shouldn't be confused with quitting a band for a solo career or another band. - Wikipedia.
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In 2001, Tankian released a book of poetry titled Cool Gardens that is currently in its second printing

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In 2002, Serj and Tom Morello co-founded a non-profit political activist organization, Axis of Justice

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On October 23, 2007, Serj's first solo album, Elect the Dead was released

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In 2006, Shavo and Wu-Tang Clan member RZA formed Achozen. Album due in 2008.

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In 2007, Shavo teamed with a childhood friend and Power 106's Sway And Tech to form a new online music community, Ursession

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Shavo scores feature film. He is collaborating with The RZA, writing and scoring several tracks for Babylon AD as well as various "futuristic-specific" musical themes and orchestration throughout the film.

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In 2007, John launched his internet-based comic-book company, Torpedo Comics

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In 2006, Daron and John formed, Scars on Broadway. Album expected in Spring 2008

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In 2006, Daron and John formed, Scars on Broadway. Album expected Spring 2008!

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In 2003, Daron launched his own record label named, eatURmusic.
It died.

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