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Will Ferrell Announces 'Anchorman' Sequel on Conan O'Brien!

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Mar. 29 2012, Published 12:32 p.m. ET

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Playing a jazz flute, Will Ferrell stopped by Conan O'Brien last night to break news in character as Ron Burgundy. He will soon be back on the big screen for an Anchorman sequel!

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Ron joked with Conan saying, "You look awful. You look like someone put a bright red fright wig on a skeleton...I'm being kind right now."

To which point Conan asked, "So you came on the show to play the flute and insult me?"

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"No, I actually have an announcemen," Ron replied. "As of oh nine hundred 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."

Be sure to catch the clip here

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