It's been an eight year wait for news but Will Ferrell has finally announced that he'll be making a sequel to the 2004 hit comedy Anchorman: The Legend of Ron Burgundy. Ferrell announced the news on Conan O Brien's chat show yesterday (March 28, 2012) and fans of the original will be pleased to learn that Steve Carell and Paul Rudd will both be back, too.

Will appeared on the show in character as the news anchorman Ron Burgundy, apparently playing flute along with Conan's house band, cracking some trademark sexist jokes in Burgundy's style, dissing Conan's appearance ("you look like someone put a bright red fright-wig on a skeleton and chucked it out of a helicopter."). When he was done insulting the show's host, he told the audience he had an announcement. "I want to announce this to everyone here in the Americas," said Burgundy, before continuing "to our friends in Spain, Turkey and the UK, including England. that as of 09:00 mountain time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy have come to terms on a sequel to Anchorman." The announcement was met with huge cheers from the studio audience. "There will be a sequel," he reiterated before exiting behind the band.

There is already a great deal of speculation online regarding the details of the sequel. Not much is known yet but this morning, Adam McKay (writer / director of the original) posted a message to confirm that writing had started on the film, which is due to start filming in February 2013.