NBC officially introduced Jimmy Fallon as the new host of “Late Night” at a news conference.

“He is a handpicked talent, part of the NBC family already,” Silverman said.

According to the Hollywood Reporter, the show will stay in New York and will be on five nights a week, declined to discuss the length of his deal, saying only that he got the same contract as NBC weather forecaster Willard Scott, “150 years.” Fallon also deflected a question on how much he is being paid.