Lupe "Lasers is bananas", and says he didn't sign the 360 deal

http://www.mtv.com/news/articles/1649733/20101011/fiasco__lupe.jhtml?mobile=true

Lupe Fiasco has had a busy few weeks. From publicly disagreeing with his Atlantic Records home, organizing Fiasco Friday (which would bring the MC's qualms to the label's doorstep on October 15), and then reconciling with Atlantic late last week, it's been a whirlwind.

Over the weekend, the Chicago MC spoke for the first time to MTV News about the release of Lasers and the resolution he and Atlantic reached.

"We just came to a reconciliation, saw both sides of the argument of what was going down, found a midway point that we can all agree on, and we're rolling," Fiasco said. "March 8: Lasers. Single drops in a couple weeks. It is what it is."

According to Fiasco, the rift between him and his label began when executives called Lasers "wack," and then . Under this new contract, Atlantic would receive "25 percent of any ancillary properties that you do that come from your music," Fiasco explained. But, the MC wasn't interested.

"I'm not a 360 artist, and I'll never be a 360 artist," he declared over the weekend. "And you should never be a 360 artist. If that's something that you need, then your situation is different. I'm not the type of artist that needs a 360 deal, but it's probably some newer artists that need that kind of motivation or extra support to enhance their operations in the future. I don't necessarily need that. If it comes along in the future, who knows? But, right now, I don't need it. Thank you, but no thank you."

As for what Lasers will sound like, Fiasco's decided silence is the best weapon - almost.

"I'm keeping my mouth shut, to be honest, on the album," he said. "The album is bananas. But mum's the word, because I don't want to spoil it. ... Over the next couple months, as more stuff comes out ... I'll be a little bit more comfortable to talk."

And we've only got two more weeks to wait.

"I'll talk about the next single on October 26, when it comes out," Fiasco promised with a smile.