Actor Will Ferrell is set to launch a new production company focused on female-driven content.

In 2006, the Anchorman: The Legend of Ron Burgundy star formed Gary Sanchez Productions alongside actor/director Adam MCKay and producer Chris Henchy and now the trio has decided to move forward with a Tv and film production company, titled Gloria Sanchez Productions, which will focus on projects that appeal to women.

A statement from Ferrell and MCKay, reads, "When (Gary Sanchez Productions executive) Jessica (Elbaum) came to us with this idea, we thought it was fantastic. She has worked with some of the great female voices in comedy and has proven herself as a gifted producer who has a keen eye for material."