Music producer Clive Davis has come out bisexual.

Davis, 80, discusses his sexuality in his upcoming memoir The Soundtrack of My Life.

In an interview with ABC's Nightline, Davis said bisexuality is “maligned” and “misunderstood.”

“It's not, as I write, that the heavens opened up, but I realized in my case the most important thing, I'm relationship oriented, and I would open up my perspective, my life, my emotion, to have a relationship with a man as well as a woman. And so that when it comes to the pure subject of sex, when our marriage was over, I did go through a period of having sex with two different women, and with a male. So for me, this very maligned, misunderstood subject of bisexuality came up.”

“It's been said that people are either gay, straight or lying,” Cynthia McFadden stated.

“Correct. I'm not lying, and it exists,” Davis replied. “For over fifty years, I never had sex with a male. It wasn't repressed. I had very good sexual relationships with women. … I never felt shame, no, I never felt shame. I felt puzzled. The subject of bisexuality really needs much more discussion because the answer is it's a status that does exist.” (The video is embedded on this page. Visit our video library for more videos.)

Davis, currently the chief creative officer of Sony Music Entertainment, is credited with bringing Whitney Houston to prominence.