Jason Thompson Joins THE YOUNG & THE RESTLESS!

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The rumors were true: Jason Thompson will be the new Billy Abbott on THE YOUNG & THE RESTLESS! Entertainment Weekly is reporting that the actor, currently airing as GENERAL HOSPITAL's Patrick, will be moving to Genoa City to replace Burgess Jenkins as Billy.

"Jason Thompson is an incredibly gifted actor and we are thrilled to welcome him," says CBS head of daytime Angelica McDaniel.

"I feel so lucky to have the opportunity to work with Jason again," said executive producer Jill Farren Phelps, who was previously executive producer on GH. "He's an exceptional actor and a wonderful human being. He will bring so much to the character and we're thrilled to welcome him to the Y&R family."

Thompson is due to begin airing on Y&R in January. How do you think he'll do in the role? Sound off in the comments!