Hide post with specific label on home page

This will hide posts with label mp4:

<b:loop values='data:posts' var='post'>
<b:if cond='data:blog.url == data:blog.homepageUrl'>
    <b:if cond='data:post.labels'>
      <b:loop values='data:post.labels' var='label'>
      <b:if cond='data:label.isLast == "true"'>
        <b:if cond='data:label.name != "mp4"'>
      <b:include data='post' name='post'/>
      <b:if cond='data:blog.pageType == "item"'>
        <b:include data='post' name='comments'/>
      </b:if>
      <b:if cond='data:post.includeAd'>
      </b:if>
      </b:if>
      </b:if>
      </b:loop>
    </b:if>
</b:if>
  </b:loop>