Will Arnett & Jason Bateman: A Couple of DumbDumbs!

Good pals Jason Bateman and Will Arnett hit the Big Apple Thursday night to celebrate the official launch of their new sponsor-driven content and production company, DumbDumb.

"It's a nickname we used to have for each other when we were working on 'Arrested Development,'" explains Will. "So when we were trying to come up with a name for our little venture, we kept saying DumbDumb [and coming back to it]."

"That, and a couple of dummies are running it," added Jason.

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