CATEGORIES Movies
It looks like San Diego might stay classy after all!

Last week, director Adam McKay announced that the sequel to 'Anchorman: The Legend of Ron Burgundy' wasn't happening.

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

Now, via an interview with Entertainment Weekly, star Will Ferrell has a slightly more positive outlook on the project. It looks like San Diego might stay classy after all!

Last week, director Adam McKay announced that the sequel to 'Anchorman: The Legend of Ron Burgundy' wasn't happening.

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

Now, via an interview with Entertainment Weekly, star Will Ferrell has a slightly more positive outlook on the project.

"We're still going back and forth [with Paramount]," says Ferrell. "Maybe there is a solution ... so we'll just kind of keep moving on, see what happens."

Sources close to Paramount report that the studio was disappointed with the overseas gross of 'Anchorman' and won't make the sequel for more than $50 million, whereas McKay and Ferrell are asking for $70 million. However, Ferrell's camp says those numbers aren't accurate.

'Anchorman: The Legend of Ron Burgundy' made over $85 million at the domestic box office during its theatrical run in 2004 but made less than $6 million overseas.