It’s the news we have been waiting to hear for years, and Ron Burgundy made a surprise appearance on Conan Wednesday night to confirm it:

“As of 0900 Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel for Anchorman.”

The original Anchorman first came out in 2004, and ever since then questions and rumors about a sequel have constantly come about, then shut down by Paramount Studios.  Why have their minds been changed now? This morning, we talked to Adam McKay, director of Anchorman, and Will Ferrell’s partner-in-crime to find out the details.

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Anchorman did pretty well in the theaters, but later found a huge cult following in DVDs and reruns. Adam explains that the desire to make a sequel has always been there, but that cult following is hard to translate into numbers that make financial sense to a studio.   Adam and Will were just about to start another project, when the idea came about to make one more phone call to  Paramount about an Anchorman sequel.  Their agents said it would just be a waste of time, but the studio was finally into it!

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Who’s in to return for the project? The entire Channel 4 news team has already been in contact with McKay: Paul Rudd (“Brian Fantana”, Dave Koechner (“Champ Kind”), Steve Carell (“Brick Tamland”) and Christina Applegate (“Veronica Corningstone”) are all in!  Seth Rogen would also like to reprise his role as “Cameraman”, and Sacha Baron Cohen would like to join in as a member of the BBC.

When asked if there is already a plot in place for the sequel, Adam said their first idea was a musical, but has been scrapped as a result  of “The Book of Mormon” being so awesome.  He says they do have a few other ideas they are working on.  As far as when we can expect to see the movie: Christmas 2013 at the earliest is McKay’s best guess.

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Best way to celebrate this news? Buy new suits!