In a recent interview with Complex, Busta said he and Iovine had a conversation over the ways promotion for his album -- which at the time was to be titled Blessed -- and the pair agreed that Interscope wasn't the right home for Busta.
"Just for the record, there was no heated argument with me and Jimmy Iovine," Busta explained. "When I realized that I wasn't getting the things that I felt that I needed facilitated from the record company at the time, I set up a meeting to speak with Jimmy Iovine and we had a sit-down with each other.
"It was kind of a mutual agreement and a mutual understanding," he continued. "And with that kind of support and understanding, I actually sing Jimmy Iovine's praises because not only did he let me leave, but he let me leave with my album."
His new album is titled 'Back On My B.S.'
"I can honestly say that it feels like this is the album that is the more appropriate body of work for defining this moment in time for me as a man, for me as an artist, and also for the state of the music as far as hip-hop is concerned," he explained. "With that being said, I don't think that I could have made a better album for this time frame, whether or not you feel it's my best album, I'm going to leave that up to you."
'Back On My B.S.' will be released on March 24th