DO YOU KNOW WHAT TODAY IS?

IT'S A BIG DAY.

>> IT IS THURSDAY.

>> James: BUT IT'S MORE THAN THAT.

IT'S THE BEST THURSDAY BECAUSE IT'S THE LAUNCH OF PARAMOUNT+,

WHICH BRINGS TOGETHER THE BEST IN LIVE SPORTS, BREAKING NEWS,

CHILDREN'S SHOWS, COMEDY, DRAMA, REALITY AND, OF COURSE, LATE

NIGHT.

SO, NOW YOU CAN STREAM NEW EPISODES OF "THE LATE LATE SHOW"

THE VERY NEXT DAY!

(FAKE AUDIENCE APPLAUSE) >> James: RIGHT THERE!

WE'LL TELL A JOKE AND YOU'LL BE LIKE -- WUUUUU -- YOU'LL SEE

WHAT GUEST IS GOING TO BE FOR THE SHOW AND YOU'LL BE LIKE --

AND MONOLOG AND -- >> THAT'S NOT FUNNY.

TOMORROW?

>> Ian: 'SUP, EVERYONE?

>> James: POWERFUL AND INSPIRING STUFF.

SERIOUSLY THOUGH, PARAMOUNT+ HAS AN INCREDIBLE LIBRARY OF

ENTERTAINMENT FROM CBS, MTV, BET, COMEDY CENTRAL AND

NICKELODEON.

ADAM, YOU WANT LIVE MARCH MADNESS GAMES?

WE GOT 'EM.

BAND, YOU WANT "STAR TREK: PICARD?"

WE GOT 'EM, IT'S THERE.

PETE, YOU WANT EVERY SEASON OF "RUPAUL'S DRAG RACE?"

PARAMOUNT+ HAS ALL OF THOSE AND MORE, INCLUDING THE BRAND NEW

"SPONGEBOB SQUAREPANTS" MOVIE, FEATURING NONE OTHER THAN OUR

VERY OWN REGGIE WATTS.

(CHEERING AND APPLAUSE) >> James: THERE YOU GO.

CONGRATS ON THE MOVIE REG.

DID YOU KNOW YOU WERE EVEN ON THIS?

>> Reggie: I FORGOT, THEN I GOT SOME CALLS AND E-MAILS.

IT'S CRAZY.

IT'S WEIRD.

>> James: THERE'S A BIG BUZZ ABOUT IT IN OUR HOUSE.

WHAT IS THIS FILM ABOUT AND WHO DO YOU PLAY?

>> Reggie: I PLAY THE ROLE OF CHANCELLOR, THE RIGHT HAND MAN

TO POSEIDON.

YOU KNOW THE DUDE THAT GREASES THE WHEELS BUT ALSO HAS A LITTLE

BIT OF HIS OWN AGENDA.

KIND OF TALKS LIKE THIS.

>> James: THAT'S THE VOICE?

THE EXCLUSIVE.

>> Reggie: HEY, I'M THE CHANCELLOR.

>> James: THIS IS THE FIRST CGI SPONGEBOB MOVIE.

DO YOU DO ANYTHING SPECIFIC TO GET INTO

SPONGEBOB'S WORLD?

>> Reggie: THERE IS A MOIST SOUND WHEN YOU ARE IN THE STUDIO

AND THERE ARE A LOT OF WAVING CORAL THINGS THAT MAKE YOU FEEL

LIKE YOU'RE UNDERWATER.

>> James: I'M PUMPED TO SEE IT.

LET'S LOOK AT A CLIP FROM "THE SPONGEBOB MOVIE:

SPONGE ON THE RUN," WHICH IS AVAILABLE TO STREAM RIGHT NOW ON

PARAMOUNT+.

>> URANA, I WOULD LIKE TO ENTER INTO EVIDENCE ONE SEA SNAIL

NAMED FRED.

>> HOW DARE YOU COME HERE TO THE SANCTUARY OF OUR REVERED

SOVEREIGN TO ABOUT ROB HERE OF HIS VERY LIFE BLOOD, HIS

ADORABLE GOOD LOOKS.

>> HOW INDEED DARE YOU!