The singer told ITV's Lorraine that he'd come to the end of his three-album contract and was ready to move on, adding that 'dropped' is maybe not the right word to describe the situation as it has negative connotations.
"It's one of those things," he said. "I had a three-album deal with Simon's label Syco and I kind of knew it wouldn't carry on after the third album and I kind of made peace with it and there is no bitterness there.
"I have always had a great experience with everyone who worked at that company. For me, it was kind of leaving one job and going on to the next thing. I learned and took from it as much as I could.
"I don't think people should just jump on the word dropped. I think a lot of people fear the word dropped but it's not the end of the world."
Now, after a four-year break from the industry, Shayne is gearing up for release of fourth album Closer which features lead single 'My Heart Would Take You Back'.
He worked on the track with Mike Stock and has gone for a different sound this time around, something he says was a conscious decision.
"I sat down with Mike and said, 'I love The Stylistics, Temptations, The Chi-lites and I would love to write something along the lines of that. I thought it would end up as an album track but from the moment we sent it to management, they jumped at it and said, 'We have to go with this as the lead track.'
"Everybody seems to be responding well so I'm happy."
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