Ladies and gentlemen, can we please have your attention. We've just been handed an urgent and horrifying news story. We need all of you, to stop what you're doing and listen. Right then... Deep breath... ANCHORMAN 2 IS OFFICIAL. RON BURGUNDY HIMSELF HAS SAID SO. LOOK AT THE VIDEO BELOW.

Assuming you’ve now stopped jumping for joy, it is indeed true. Will Ferrell, in his guise of San Diego's premier news man, arrived on Conan O’Brien’s talk show to announce that he and director Adam McKay had been able to reach a deal with Paramount to make an Anchorman sequel. Raise a glass in salute! We suggest scotch. And if it’s warm, don’t pick milk. Milk would be a bad choice.

Ferrell will be writing the script with McKay, but few other details are official at this time. MEGA UPDATE: Steve Carell and Paul Rudd, despite their massive fame, will both be back, but there's no solid word yet on David Koechner, according to Entertainment Weekly But surely all Ron has to do is ask demand that everyone assembles?

As for the plot? Well, there have been ideas floated in the past – everything from a musical to an Alive-style situation where the news team crashes and must survive. Or even (brace for it) Ron and co entering the ‘80s as only they know how… Sexually. But we'll have to wait and see what remains after all this time.

If you need us, we’ll be wearing Sex Panther in a glass case of emotion. There’s just the slightest concern, itching the back of our minds, that nothing could compare to the genius of the original, but who knows? For now, we banish those thoughts to their home on Whore Island and revel in the idea that we’ll get more of Ron, Brian, Champ and Brick. And, perhaps, Veronica Corningstone too. Aqualung!

MEGA UPDATE PART THE SECONDE: Adam McKay has tweeted that he and Ferrell are writing the script now and plan to shoot in February. 

MEGA UPDATE PART THE THIRD: There's also a Funny Or Die backstage video to watch. So get to it, soldier!