Michaels, 80, launched “SNL” in the US on October 11, 1975. Many A-listers got their star on the series, including Jimmy Fallon, Amy Poehler, Mike Myers, Chevy Chase, Will Ferrell and Tina Fey.

In an interview Monday night on “Late Night With Seth Meyers,” the British comedian said it “sounds like a terrible idea.” When asked by “ SNL ” alum Meyers to expand on that thought, Oliver added, “We have had sketch comedy before, and I just feel like something like this is such a unique group.”

The comedian disputed the idea of the new London-based live sketch comedy show in a conversation with former castmember and writer Seth Meyers.