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The Black Parade/Living with Ghosts is a reissue of American rock band My Chemical Romance's third studio album The Black Parade (2006). The reissue combines the original album, along with several unreleased demos and live tracks during the recording of The Black Parade, titled Living with Ghosts.

On July 20, 2016, the band posted on their official Twitter and Facebook pages a video with the piano intro from "Welcome to the Black Parade", ending with a cryptic date, "9/23/16". The video was also published on the band's YouTube channel with the video titled "MCRX". This led to numerous rumors and reports on the band's possible reunion. Some also noted that the band deleted their break-up announcement from Twitter. The speculation arose from fans, as well as many notable rock musicians, until it was revealed to be a 10th anniversary reissue of The Black Parade with unreleased demos, to be released on September 23.

Two months before its release, an early version of "Welcome to the Black Parade", titled "The Five of Us Are Dying", was made available for streaming and the album was available for pre-order. On My Chemical Romance's official website, the band dedicated the reissue to their late A&R executive Craig Aaronson who died on October 29, 2014.

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