Ferrell appeared in character Wednesday night as the pompous San Diego broadcast journalist, but offered few details about the project.
"As of 0900 Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman," he said. "It is official! There will be a sequel to 'Anchorman.' There will be a sequel."
Ferrell and Adam McKay are co-writing the script, with McKay, who helmed the original, set to direct the sequel, EW.com said.
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