AceShowbiz -

The report is now officially confirmed. NBC has announced Seth Meyers as the new host of "Late Night" show, replacing Jimmy Fallon when the "Saturday Night Live" alum takes over the reign of "The Tonight Show" from Jay Leno in 2014.

"We think Seth is one of the brightest, most insightful comedy writers and performers of his generation," said NBC entertainment chairman Bob Greenblatt. "His years at SNL's Weekend Update desk, not to mention being head writer of the show for many seasons, helped him hone a topical brand of comedy that is perfect for the Late Night franchise. We couldn't be happier that Seth and Jimmy Fallon will be continuing their careers at NBC after growing up in this network's late night legacy."

"I only have to work for Lorne for five more years before I pay him back for the time I totaled his car. 12:30 on NBC has long been incredible real estate. I hope I can do it justice," Meyers said of his new gig. He also took to Twitter to spread the news and wrote, "Thanks to NBC, Lorne, but especially Mom."

Meyers is currently the head writer of "SNL" and the anchor of the show's "Weekend Update" segment. Words are, he will remain working on "SNL" through the fall until he has to begin preparations to take over "Late Night". There's still no word on who will replace him on "Weekend Update".