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Video: Will Ferrell Announces ‘Anchorman 2′ on Conan

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Will Ferrell, in character as Ron Burgundy, shared the big news on ‘Conan’ Wednesday night.

The infamous Anchorman said, after playing a tune on his flute,

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“I want to announce this to everyone in the Americas, to our friends in Spain, Turkey, and the UK, including England. As of 0900 mountain time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman,” the 44-year-old funnyman said as the studio audience cheered. “It is official.”

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People were so furious about this Pepsi ad that Pepsi pulled it after just one day. Watch it here and decide if it's offensive: