Complex sentence: Soon after this career setback, the band officially disbanded, although Ivan Doroschuk and keyboardist Bruce Murphy would record several demos in 1993, for a concept album tentatively titled'UFO's are Real', which was never released.
Split into simpler sentences: Soon after this career setback, the band officially disbanded. Lead singer Ivan Doroschuk and keyboardist Bruce Murphy went on to record several demos in 1993 for a concept album tentatively titled "UFO's are Real", which was never released.