My Chemical Romance could be on the verge of a major chart first, with the 20th-anniversary edition of The Black Parade expected to mount a serious challenge for No. 1 on next week’s Billboard 200.

The band’s 2006 album received a substantial new push on Friday, Oct. 23, through The Black Parade (20th Anniversary Deluxe Edition). The expanded release adds six songs to the standard edition’s 14 tracks: three B-sides from the album’s era and three live recordings.

Its biggest chart weapon, however, may be the extensive physical rollout. The reissue is available in 15 new vinyl variants, including multiple retail and direct-to-consumer exclusives, along with several new CD and cassette editions. Those formats are expected to generate strong sales during the tracking week.

The original album is already a persistent Billboard 200 presence. On the chart dated Oct. 31, The Black Parade stands at No. 139 and is spending its 161st total week on the ranking. The anniversary campaign now gives the record a chance to climb far beyond its current position — and potentially surpass the peak it achieved upon release.

A No. 1 That Got Away in 2006

The Black Parade debuted and peaked at No. 2 in 2006 after selling 240,000 copies in its first week. It was blocked from the top by the soundtrack to the Miley Cyrus-led Hannah Montana, which moved 281,000 copies.

The album also produced “Welcome to the Black Parade,” a top 10 hit on the Billboard Hot 100. Despite that success, neither the record nor My Chemical Romance has previously reached No. 1 on the Billboard 200.

The band’s other chart peaks underline why this anniversary result would be significant. The 2004 album Three Cheers for Sweet Revenge reached No. 6, while its follow-up, 2010’s Danger Days: The True Lives of the Fabulous Killjoys, peaked at No. 8. Danger Days remains the group’s most recent album.

My Chemical Romance has released four albums during its quarter-century of existence. The band has reunited for multiple arena and stadium tours over the past decade and has occasionally teased the possibility of another album, but no potential new LP is confirmed in the supplied reporting.

Olivia Rodrigo Is the Album to Beat

The race is especially intriguing because My Chemical Romance’s most formidable competition is Olivia Rodrigo, who attended the band’s Citi Field performance in Queens, New York, and shared a live clip from the set on her Instagram Stories on Wednesday night, Oct. 28.

Rodrigo’s you seem pretty sad for a girl so in love returned to No. 1 on the Billboard 200 dated Oct. 24, beginning its third total week in the top spot after leading during its first two weeks of release this summer.

The album’s return was powered by a new remix of “Expectations” featuring Chappell Roan. It posted 75,000 units, an increase from 65,000 the previous week. With consumption of the remix expected to decline following its debut, Rodrigo’s next total is projected to be closer to that earlier 65,000-unit performance.

That gives The Black Parade a plausible route to No. 1, though the outcome remains uncertain. Its early physical sales are expected to keep the contest close, and the final result may depend on how many My Chemical Romance fans continue purchasing copies during the closing days of the tracking period.

New releases from Josiah Queen, LISA, and Anderson .Paak and Cordae are each expected to produce notable debuts, but none is projected to compete for the chart’s top position. That leaves the anniversary reissue and Rodrigo’s current leader as the central contenders.

Other anniversary campaigns have recently brought established albums back into the Billboard 200’s top 10, including Beyoncé’s B’Day, The Beatles’ Rubber Soul and Mac Miller’s The Divine Feminine. None of those releases, however, mounted the same kind of challenge for No. 1 now expected from My Chemical Romance.

ShowBiz Take

This is more than a nostalgia-driven chart rebound. The Black Parade has remained on the Billboard 200 for 161 weeks, but the deluxe material and unusually broad selection of physical editions have created an opportunity for the album to rewrite its chart history two decades after it stopped at No. 2.

A victory would also give My Chemical Romance its first Billboard 200 No. 1 without the arrival of a newly recorded studio album. The competition with Rodrigo adds another layer to the moment: the artist currently standing in the band’s way publicly shared footage from its live show just days before the projected chart battle.

What Happens Next?

The next Billboard 200 will determine whether The Black Parade can turn its anniversary surge into My Chemical Romance’s first No. 1. For now, the race is expected to remain close, with physical sales and late-week fan purchases likely to play a decisive role.