ABC announced on Monday (May 21) that it will extend its flagship morning programme Good Morning America into the afternoon as a replacement for the cancelled chat show The Revolution.
Spencer and Elliott, both veterans of GMA, will welcome celebrity guests, discuss the latest pop culture news and host live musical acts.
"I am beyond excited and honoured to be part of this new chapter for the Good Morning America family," Spencer said
"Good Afternoon America gives us the opportunity to reach a different audience, and better yet, spend a little more time with our morning viewers who want to be a part of the conversation and fun we plan on bringing to afternoon TV."
Good Afternoon America is to premiere in July at 2pm EST for an initial nine-week run on ABC.
GMA hosts Sam Champion, Robin Roberts and George Stephanopoulos are expected to make guest appearances on the new series.
Watch Lara Spencer interview SNL's Rachel Dratch for Good Morning America below: