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OTRC: 'Anchorman' sequel announced by 'Ron Burgundy,' aka Will Ferrell, on 'Conan' (Video)

Will Ferrell appears as Ron Burgundy on the TBS talk show 'Conan' on March 28, 2012. (TBS)

By the beard of Zeus, he's back and classy as ever.

A sequel to the 2004 cult comedy film "Anchorman: The Legend of Ron Burgundy," which depicts the zany life of a narcissistic, sexist, dimwitted and hilariously offensive San Diego news anchor, is in the works, says the man himself.

Or rather, his real life alter ego, Will Ferrell. The 44-year-old actor appeared in character with a mustache and a burgundy suit and pretended to play a jazz flute - the man's favorite instrument - before he made the announcement on Conan O'Brien's TBS talk show, "Conan," on Wednesday.

"I want to announce this to everyone in the Americas, to our friends in Spain, Turkey and the UK - including England," he said. "As of 0900 Mountain Time, Paramount Pictures and myself - Ronald Joseph Aaron Burgundy have come to terms on a sequel to 'Anchorman.' It is official. There will be a sequel to 'Anchorman.' There will be a sequel."

The original film was written by Ferrell and producing partner Adam McKay and is set in the 1970s. Burgundy considers himself a celebrity and is horrified when he is ordered to work with a female co-anchor for the first time. He and the woman, played by Christina Applegate, start dating but the relationship turns sour, which affects their work, on and off the air.

Burgundy leads his male work friends in street brawls with competing news teams and - in traditional Ferrell-McKay fashion - in song. He reads aloud what is displayed on the teleprompter without reviewing a script, allowing for hilarious bloopers, and insists on being the person to end a newscast, by uttering his token phrase, "Say classy, San Diego."

Rumors of an "Anchorman" sequel have been swirling for years. In April 2010, McKay, who also directed the original "Anchorman," Tweeted: "So bummed. Paramount basically passed on Anchorman 2. Even after we cut our budget down. We tried."

He said on Wednesday, after Ferrell's "Conan" episode aired: "A few people questioning if Anchorman 2 is 100% for sure happening. Let me assure and assuage: it is. We're writing now and we shoot in Feb."

It is unclear if other cast members will reprise their roles in the new film. Actors who appeared in the original "Anchorman" include Steve Carell, Paul Rudd and Ben Stiller.

It is fitting Ferrell chose to confirm the news on "Conan," as he and the host have similar fanbases - young adults, including scores who work in the media. The actor appeared on O'Brien's last episode hosting "The Tonight Show" on NBC in 2010. Ferrell also shaved O'Brian's beard on "Conan" last year after making a faux threat to do so in a previous segment.

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