'Anchorman 2' in the works, says Will Ferrell

LOS ANGELES

/*Will Ferrell*/ made a surprise, in-character appearance on "Conan" Wednesday night and broke the news of the Paramount Pictures deal. He also regaled the audience with a flute solo.

Ferrell told host Conan O'Brien: "It's official, there will be a sequel to 'Anchorman."'

Paramount had previously turned down a musical plan put forth by Ferrell and director Adam McKay that also included a proposed Broadway stage show.

No details on the project were immediately available but McKay, producer Judd Apatow, and co-stars Paul Rudd and Steve Carell are expected to return.

The Associated Press contributed to this report.

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