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Lily Allen says she wants to work with hedge fund and give new album away for free

Singer shares frustrations with modern music industry in new interview

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Lily Allen has again expressed frustration with the way the music industry is run, saying she would prefer to seek capital outside of a record label and give her album away for free.

Allen has criticised radio stations and her record label for their role in her comeback this year, saying the label has chosen to release "rubbish" singles and blaming radio stations for refusing to play more interesting songs. She also called TV station MTV "beige" after they requested an edited version of her 'Our Time' video.

Speaking to Rolling Stone about her recent singles, Allen says that she can't release her favourite song from new album 'Sheezus' as a single because it has the word "period" in it.

"I would have liked to see [the song] 'Sheezus' as a single, but it's not up-tempo enough," she says. "It's also got the word 'period' in it, which is really offensive to people – even though half the world has to deal with it once a month."

Allen goes on to bash record label executives later in the interview, saying they "just weren't having it" when she wanted to go by her married name, Lily Cooper. "They convinced me that it could be a massive contributing factor to my failure, so I was like, 'OK'. I just want to have more control," she adds. "I wish they would let me do it in my way."

In fact, Allen has her own plans for how to deal with the music industry in the future, saying that she would like to work with wealthy investors and distribute her music free of charge: "What I'd like to do is team up with a hedge funder and do it that way. They could help me pay to get the record done, and I could just give it away and then go on tour."

Earlier this year Allen expressed worry that Kanye West might react negatively to her referencing his 2013 album 'Yeezus' with her new album title.

The singer, who won Best Solo Artist at this year's NME Awards With Austin, Texas, named her third album as an homage to the rapper.

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