"So bummed. Paramount basically passed on Anchorman 2. Even after we cut our budget down. We tried."
McKay revealed in our earlier report that the main cast, which included comedy stars such as Will Ferrell, David Koechner, Paul Rudd, Steve Carell, had all agreed to take pay cuts to get the film off the ground. It seems, however, that wasn't enough.
We'll be sure to keep you posted on any further details regarding Anchorman 2 as soon as we have more information.
Anchorman 2: The Legend Continues was released December 18th, 2013 and stars Will Ferrell, Steve Carell, Paul Rudd, David Koechner, Christina Applegate, Meagan Good, James Marsden, Josh Lawson. The film is directed by Adam McKay.