Simplify the following text for a Grade 8 native English-speaking person.
Original: The Wraith : Shangri-La is the eighth studio album by American hip hop group Insane Clown Posse , released on November 5 , 2002 , by Psychopathic Records .
Simplified: The Wraith : Shangri-La is the eighth studio album by American Horrorcore band , Insane Clown Posse . It was released on November 5 , 2002 .