By the beard of Zeus! It looks like San Diego will have to find another way to stay classy.

Hollywood Insider reports, via director Adam McKay's GhostPanther Twitter feed, that Paramount has passed on the sequel to'Anchorman: The Legend of Ron Burgundy,' even after McKay and star Will Ferrell presented the studio with a proposed lower budget. By the beard of Zeus! It looks like San Diego will have to find another way to stay classy.

Hollywood Insider reports, via director Adam McKay's GhostPanther Twitter feed, that Paramount has passed on the sequel to 'Anchorman: The Legend of Ron Burgundy,' even after McKay and star Will Ferrell presented the studio with a proposed lower budget.

"So bummed," says McKay. "Paramount basically passed on 'Anchorman 2.' Even after we cut our budget down. We tried."

McKay goes on to say that he and Ferrell wouldn't be able to take the project to another studio.

"We can't do 'Anchorman 2' at another studio. Paramount owns it."

'Anchorman: The Legend of Ron Burgundy' starred Will Ferrell as a simultaneously charismatic and obnoxious San Diego news anchor whose boys-club world is threatened by the arrival of a female anchor, played by Christina Applegate.

The film was made on a budget of $26 million and earned over $85 million at the box office during its theatrical run in 2004.

CATEGORIES Movies