Clad in his character’s signature wine-colored suit, Will Ferrell appeared on Conan tonight to announce he and Paramount pictures came to terms on a sequel to Anchorman. Saying, “As of 0900 Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman,” he declared. “It is official! There will be a sequel to Anchorman. There will be a sequel.”
EW got in touch with Paramount for some of the details: Carell and Rudd will definitely be coming back, though all others are still up in the air. Ferrell and Adam McKay will co-write the script, and McKay (who made the original) will be back to direct. Gary Sanchez Productions will produce along with Judd Apatow Productions, and the movie is expected to get underway toward the end of year for release in 2013.