Seth Meyers can really settle into his chair now.

NBC Entertainment Chairman Robert Greenblatt announced at the TCA Winter Press Tour that Late Night With Seth Meyers has been renewed until February 2021.

Meyers — the former SNL head writer and “Weekend Update” co-anchor — took over the 12:30 a.m. job in February 2014 from Jimmy Fallon, who was promoted to The Tonight Show. Late Night is earning a .51 in the 18–49 demo this quarter, versus a .34 for CBS’ Late Late Show (and a .38 for ABC’s Nightline in the half-hour in which the shows go head-to-head)

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Greenblatt also revealed that Meyers will host a 2016 New Year’s Eve Late Night prime-time special that airs at 10 p.m. and looks back at the news and current events that shaped the year. This network tried a live edition of Hollywood Game Night in the slot this past year.

“As a writer, performer and host, Seth has a rich history at NBC and we are thrilled that he’ll be at the helm of Late Night for many more years,” said Greenblatt in a statement. “His knowledge of both current events and pop culture is unparalleled and he brings that expertise to Late Night every night. The show couldn’t be in better hands.” Meyers’ statement was as follows: “I can’t thank NBC enough for continuing to support our show and this more than makes up for my disappointment in not getting cast in The Wiz.”