'Anchorman 2' will begin shooting in February 2013.
After star Will Ferrell announced the eagerly anticipated follow-up to 2004's 'Anchorman: The Legend of Ron Burgundy' this week, writer/director Adam McKay took to his twitter account to confirm the news and reveal a start date.
He wrote: "A few people questioning if Anchorman 2 is 100% for sure happening. Let me assure and assuage: it is. We're writing now and we shoot in Feb (sic)."
It has also been revealed that Steve Carrell and Paul Rudd will reprise their roles of Brick Tamland and Brian Fantana respectively in the sequel even though a deal was only reached with Paramount Pictures this week.
A source told Deadline: "We didn't expect a week ago that this thing was going to get greenlit. It's been alive and dead so many times."
To announce the news, Will made a surprise appearance on TV show 'Conan', dressed as his alter-ego Ron Burgundy.
He told the audience: "I want to announce this to everyone here in the Americas, to our friends in Spain, Turkey, and the UK, including England, that as of 0900 mountain time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to 'Anchorman'."
The news was met with loud cheers from the excited crowd and he added: "It is official. There will be a sequel to 'Anchorman'."
The first movie grossed over $90.5million at the box office.