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Marisa Guthrie "Market Warriors" kicks off a PBS summer slate that also includes new installments of Kenneth Branagh in "Wallander" and the "Inspector Morse" prequel "Endeavour."read more

'It is official, there will be a sequel to 'Anchorman,'" says Will Ferrell. By Gil Kaufman Will Ferrell Photo: Getty Images Ferrell, appearing as leisure-suit wearing newsman Ron Burgundy, broke the news while making a surprise appearance on the "Conan" show that thrilled the audience. Taking the stage in a, yes, burgundy colored suit and wide, striped tie, Ferrell/Burgundy, ripped off a wicked flute solo, then explained to host Conan O'Brien, "I like to keep my chops up, jam with the cats here ... smoke a little tea afterwards, see if a little backstage Judy ends up on my lap." After complimenting the host on his broadcasting skills, Burgundy shared one small criticism with O'Brien. "You look awful," he said. "You look like someone put a bright red fright wig on a skeleton and chucked it out of a helicopter." But Burgundy wasn't just there to play the flute and insult his host, he also had an exciting bit of news. "I want to announce this to everyone here in the Americas," he said. "To my friends, in Spain, Turkey and the U.K., including England ... as of 0900 Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel for 'Anchorman.' It is official, there will be a sequel to 'Anchorman.'" And with that, Burgundy played himself off the stage with a second wicked flute solo. Back in early 2010, "Anchorman" director and co-writer Adam McKay 
 told MTV News that he expected much of the first movie's cast to come along for the sequel, including Steve Carell and Paul Rudd, as well as Christina Applegate, David Koechner Chris Parnell and Fred Willard. "We had an idea and we contacted Steve and Paul and Koechner and Christina and checked in with everyone and they were all game for it," McKay said at the time. "It's a tricky movie because everyone went and did really well after it, so everyone's prices went up and everyone's time got a little more valuable. But at the same time, graciously, Steve and Paul and everyone agreed to cut their price to come and do it, which you don't see very often in Hollywood -- and cut their price substantially." The original grossed more than $91 million worldwide. Ferrell and McKay will once again co-write for the sequel and McKay will direct again, with production slated to begin at the end of this year for a 2013 release. Are you looking forward to a sequel to "Anchorman"? Let us know in the comments below! For breaking news, celebrity columns, humor and more -- updated around the clock -- visit MTVMoviesBlog.com.

U.S. rights to Rob Reiner’s The Magic Of Belle Isle have been picked up by Magnolia Pictures. Magnolia plans a theatrical and VOD release in its Ultra VOD program in the summer. Starring Morgan Freeman, Virginia Madsen, Madeline Carroll, Kenan Thompson, and Fred Willard, the film revolves around Monte Wildhorn (Freeman) a famous Western novelist whose struggle with alcoholism has sapped his passion for writing. He takes a lakeside cabin for the summer in picturesque Belle Isle, and befriends the family next door including a single mother (Madsen) and her young daughters who help him find inspiration again. Magnolia SVP of Acquisitions Dori Begley and Head of Business Affairs Chris Matson negotiated the deal with John Sloss and Dana O

NEWARK, N.J. (AP) Jordan Theodore scored all 19 of his points in the second half and Seton Hall ended almost 11 years of frustration by stunning No. 8 Connecticut 75-63 on Tuesday night in coach Kevin Willard's biggest win since taking over the program last season.