Rapper Jay-Z is featured on the cover of the February 2010 issue of Interview Magazine, where he talks about his love for music and how much it has changed over the years, and how he himself has grown since he first came out with Reasonable Doubt nearly 14 years ago when he was only 26 years old. He even touched a bit on the Kanye West/Taylor Swift thing and agreed with Kanye, saying that Bey’s video should have won “Best Female Video,” since it did win “Video of the Year” (makes sense! lol).

I’m talking about the Taylor Swift thing. I just think the timing of what he did was wrong, and that, of course, overshadowed everything. He believed that “Single Ladies” [by Jay-Z’s wife, Beyoncé] was a better video. I believed that. I think a lot of people believed that. You can’t give someone Video of the Year if they don’t win Best Female Video. I thought Best Female Video was something you won on the way to Video of the Year. But, hey, I guess it wasn’t—and that’s a whole other conversation about awards shows and artists.

Continue reading for more snippets from the issue, which is available for purchase on stands now.

INTERVIEW: So many of your songs have been about the repercussions of things—you do something, and then something else happens. Now that you’re older, do you have to think about things in a way that maybe you haven’t before?

JAY-Z: Well, when I did my first album, I was 26, so I was a little more mature than a lot of other guys—you know, to a lot of the rappers’ credit, they’re making albums when they’re 17. I can’t imagine the shit I would’ve said when I was 17. I can’t even tell you how reckless my thinking was at that age. Nas made Illmatic [1994] when he was 19, which was an incredible accomplishment—I can’t even understand it. But when my first album [Reasonable Doubt] came out, I was 26, which is why it was a little bit more introspective. Plus, I was already out on my own at 15, 16 years old. My mom didn’t put me out, but she did the best thing for me. She allowed me to search. She gave me a long leash, like, “All right. It’s tough out there. Go ahead.” So I grew up really early and I’ve always been aware of these things. My awareness of them just intensifies with every year.

INTERVIEW: What’s it like when you talk to Kanye West now? How are things different between you guys from what they were like when you first spotted him and he was producing for you?

JAY-Z: Well, he’s really more of a peer now. You know, before, he was more a new guy trying to get on—a fan of the music that I’ve made and my lifestyle—so things were a little different. But he’s an extraordinary person. He has these ideas and these things that he wants to do and places he wants to go, and he’s really passionate about them. He’s very sincere.

MITCHELL: Sometimes his passions ruin him.

JAY-Z: Yeah, which is great. I like that, man! I really do. I mean, no one’s walking around here perfect. Everyone’s gonna make mistakes. That’s part of how you learn. I think Kanye . . . Well, I know he said what he believed. He was telling the truth.

INTERVIEW: To which event are you referring?

JAY-Z: I’m talking about the Taylor Swift thing. I just think the timing of what he did was wrong, and that, of course, overshadowed everything. He believed that “Single Ladies” [by Jay-Z’s wife, Beyoncé] was a better video. I believed that. I think a lot of people believed that. You can’t give someone Video of the Year if they don’t win Best Female Video. I thought Best Female Video was something you won on the way to Video of the Year. But, hey, I guess it wasn’t—and that’s a whole other conversation about awards shows and artists.

INTERVIEW: You seem to stay away from that awards show stuff for the most part.

JAY-Z: Yeah, because it ain’t about nothing. It’s cool. It’s acknowledgment. The fans get to see you, and you can do great by your record if you have a great performance or a great night there. That’s all part of the business. But at their core, awards shows are not really a sincere thing. You know, for a lot of years, the artists had to pay to play their own set.

INTERVIEW: No kidding!

JAY-Z: Yes. That was the worst scam ever. I couldn’t even believe it. I mean, just now they’re starting to pay for half the sets and some awards shows pay for the whole thing. But this is just happening now—and it’s only because the record companies ran out of money.

Click here for more excerpts from the interview…

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