Schenker has continued to play with both the Scorpions and UFO, while recording with further line-ups of his own group. In 1992, Michael started his own record company called "Positive Energy Records" and recorded "Thank You", an acoustic instrumental performed entirely by Michael. In early 1995 Michael reunited with UFO and released "Walk on Water". 2001 brought Michael together with old friend Uli Jon Roth as Uli was honored with a Legends Of Rock concert at Castle Donnington. Uli and Michael Jam with UFO and other guests like Jack Bruce (CREAM). Michael soon left UFO again and released "Unforgiven" and "Arachnophobia". Michael has recently also released "Thank You 2", "Thank You 3" and now "Thank You 4" all acoustic instrumental. 2004 has been a real treat for Schenker fans. He has been on a summer-fall tour in the USA with Uli Jon Roth and playing small, personal venues where fans can meet and greet with Uli and Michael!