The new co-host of Live may be Ryan Seacrest — but the former American Idol star has to make some big moves to sit alongside Kelly Ripa on the morning talk show every day!

The 42-year-old TV personality is actually moving from LA to NYC during the week for the big gig! “I think [there’s] nothing really daunting about it,” Ryan, 42, told reporters on Monday, May 1 after the big announcement, according to People. “I think just, for me, you know, I’m shifting my life to be on another coast, and I did that 12 hours ago — so I’m still trying to figure out what my address is!”

Kelly quipped back, “I keep saying winter’s going to be the most daunting part,” adding that she’s going to just let those cold months do the hazing for her.

MORE: Get the Latest on Kelly Ripa and Former Co-Host Regis Philbin’s Relationship!

Kelly announced Ryan would be joining the series this morning during the talk show. “Today, the next chapter of the Live story is about to be written,” she said on air.

MORE: Ryan Seacrest Reveals He Almost Had a Very Different Role on ‘American Idol’

The big news comes after a year-long search following Michael Strahan’s departure from the series. And after day one, things are already going great! “Oh, I mean 100 out of 10,” Kelly gushed of Ryan’s first performance. “He’s a seamless, seamless broadcaster. There is nobody better. There is nobody that understands what 30 seconds of conversation actually means in real time like Ryan does, and so he makes everything easy — it’s like a vacation with him.”

Check out the gallery to see all the stars previously in the running to replace Michael on Live!