MTV caught up with director Steven Soderbergh on his latest project, the much awaited stripper chronicles of Channing Tatum – Magic Mike. Giving the music outlet an update on the Tatum’s interesting life before making it big in Hollywood, Soderbergh shared “that’s gonna be crazy; the stories are crazy.” Just what fans have been dying to hear!

Revealing some additional details behind the project he was extremely excited to make, the director did clear up the fact that Tatum’s life is a huge part of the flick, but loosely based. “It’s a fictionalized version of what Channing went through. Channing’s sort of playing a version of himself and Alex is kind of playing a version of Channing. They’re sort of amalgamations of other people. No one has ever said, ‘But that didn’t happen’ because it’s not really that. It’s just the world that I think is really fascinating.”

With the promise of a funny, that’s also an intriguing look at the world of strippers, Soderbergh, who just added Bridesmaids’ actress Wendi McLendon-Covey to his full line-up, was a little nervous about discussing the risque nature of the film. “I don’t know that I can say on a basic cable show,” he said. “You’re dealing with a lot of people, and I find this just one of the funniest things to watch [because] you’re dealing with a lot of people in a very strange business taking what they do very, very seriously, and these are guys in thongs and bow ties. I think it’s going to be fun.”

Magic Mike with Channing Tatum, Matthew McConaughey, Alex Pettyfer, Matt Bomer, Riley Keough, Cody Horn and Covey will be released sometime in 2012.