Jimmy Fallon will host this year's Emmy Awards

"Late Night"'s Jimmy Fallon has a prime time gig: hosting the Emmy Awards on Aug. 29.

The Big Four networks take turns airing the show, so ironically, the last time NBC broadcast it (back in 2006), a strapping young man named Conan O'Brien was the host. And we all know how things worked out for him.

From the press release:

"Jimmy was the natural choice as one of the most promising and likable young entertainers who will now have the chance to display his many talents on television's biggest night," said Paul Telegdy, whose unwieldy title is Executive Vice President, Alternative Programming, NBC and Universal Media Studios. "His proven skills as a comedian and host -- as well as his openness to new ideas -- will fully engage audiences and ultimately deliver a lively Emmy telecast."

"Jimmy has many talents. He can sing, he can dance, he does impersonations, and he does it gracefully and with ease,” said executive producer Don Mischer. “I think he'll make a terrific host and we are really looking forward to working with him."

"Hosting the Emmys has been a dream of mine ever since they told me I was doing it," said Jimmy Fallon.

Fallon isn't a newcomer to the world of awards show hosting duties; he's led both the MTV Video Music Awards and the MTV Movie Awards.