Jamie Foxx invited ET's Nancy O'Dell to listen to his new music inside his home studio -- the same home studio where a picture was taken of the Oscar winner with Katie Holmes that sent the Internet into a tizzy.
In the photo, Jamie and Katie appear to be holding hands, but Jamie tells ET that it's being taken out of context and that he and Katie are just friends. Jamie also told us that Katie's former Dawson's Creek love James Van Der Beek was also there that day and that they were all doing voice overs for an animated show called Amber Alert.
"I guess some knuckle head person who was here hit us with the phone cam," Jamie said. "I guess they are trying to get money for whatever. It's amazing what people will do to sell you out."
Even with his inside knowledge of how the rumor mill works, Jamie can still be susceptible to believing tabloid rumors. In talking about George Clooney marriage, Jamie asked if the Tomorrowland star had a baby on the way.
"Not unless you're breaking news right now," Nancy said.
"I'm reading the tabloids," Jamie said, shaking his head.
One thing that is confirmed is Jamie's musical talent which is shown in rare form on his upcoming album Hollywood: A Story of a Dozen Roses. The LP gets personal and is perhaps the most revealing on a track called "You Changed Me" about a bachelor finally finding a girl who changed his life. Watch Jamie sit down with ET to preview his new album.