It’s time to talk about the Grammys – which, of course, would be impossible without talking about Taylor Swift and Sam Smith. The young powerhouses of pop came out on top with two and four nods, respectively. But they had to wait a while to celebrate this year. Instead of the typical primetime concert, the Grammys turned Nomination Day into an actual day-long event this year.

Sam Smith
Early on, Sam Smith led the pack with four nods.

Starring Iggy Azalea, Beyonce and Smith himself as presenters and Pharrell Williams and Ed Sheeran as presenters, there was quite a lot of back patting going on. "Very happy for Miley," said Williams, when asked what he thought about the nominations. "Super happy for Beyoncé. A lot of great names. ... Ed. That's big."

Gayle King noted the two musicians were pretty low-key. "It's just super early and we're just trying not to geek out in front of everybody on national TV," said Williams, with a sly smile. "We're very excited!"

More: Taylor Swift. Grammys 2014. Funniest. VIDEO. EVER.

Cracked Sheeran, "This is my excited face."

The event was even made interactive this year, as some of the nods were announced via Twitter, by fellow musician using the hashtag #grammys. How innovative, right? 

Check out the full list below.

Best Country Album:

Riser, Dierks Bentley
The Outsiders, Eric Church
12 Stories, Brandy Clark
Platinum, Miranda Lambert
The Way I'm Livin', Lee Ann Womack

Best Pop Vocal Album:

Ghost Stories, Coldplay
Bangerz, Miley Cyrus
My Everything, Ariana Grande
Prism, Katy Perry
X, Ed Sheeran
In the Lonely Hour, Sam Smith

Best Urban Contemporary Album:

Sail Out, Jhene Aiko
Beyoncé, Beyoncé
X, Chris Brown
Mali Is..., Mali Music
Girl, Pharrell Williams

Record of the Year:

Fancy, Iggy Azalea ft. Charli XCX
Chandelier, Sia
Stay With Me, Sam Smith
Shake It Off, Taylor Swift
All About That Bass, Meghan Trainor

Best Pop Solo Performance:

All of Me, John Legend
Chandelier, Sia
Stay With Me, Sam Smith
Shake It Off, Taylor Swift
Happy, Pharrell

Best Rock Song:

Ain't it Fun, Paramore
Blue Moon, Beck
Fever, The Black Keys
Gimme Something Good, Ryan Adams
Lazaretto, Jack White

Best Rock Albums:

Ryan Adams, Ryan Adams
Morning Faze, Beck
Turn Blue, The Black Keys
Hypnotic Eye, Tom Petty and the Heartbreakers
Songs of Innocence, U2

Best New Artist:

Bastille

Iggy Azalea
Brandy Clark
HAIM
Sam Smith