Anchorman 2 is still coming, hopefully. Adam McKay gives the details.

ANCHORMAN 2 is a film that most of us are ready to see.

There’s been teasing since around 2008 that a sequel is on the way. Even most of the stars from the movie have said that they would love to go back to the world of Baxter, scotch, and sex panther.

The scheduling of the film has been hard however, since most of the cast has gotten pretty big since 2004. Not only do they expect more pay, but they are also quite busy. MTV spoke with director of ANCHORMAN Adam McKay who says there’s more to it, “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 [the sequel], which you don’t see very often in Hollywood — and cut their price substantially. But even with that, it’s just a budgetary thing with Paramount in terms of how much they’ll give us to make it.”

The cool thing though is that the cast is willing to actually take a pay cut in order to do the sequel. Currently they are still in negotiations trying to figure out how to make it work, “We had an idea and we contacted Steve and Paul and [David] Koechner and Christina [Applegate] and checked in with everyone and they were all game for it. The stage we’re at now is talking to Paramount and trying to get the money to do it.”

The studio is wondering if the sequel will rake in the bucks, which obviously it will. But McKay is trying to base the possible success on another comedy film that hit big when it’s sequel came out, “‘Austin Powers’ didn’t make a ton of money in its first go-round and then it caught fire in the next one. We’re hoping they’ll look more at that sort of projection.” In my opinion it’s a no-brainer that a second installment will make massive amounts of cash. It’s hit cult status, and is easily one of the most quoted films.

If they get the okay, then the movie is planning to shoot by February 2011. McKay does want everyone to know though that as more time goes by the sequel becomes and bigger and bigger “if”.

Well, if that “if” turns into a reality then the plot will be more crazy and set in the 80’s, “That’s loosely what the idea is. [The ’80s angle is] more the frame of it. We have this other, bigger, crazier idea that’s really more what it’s about, which I can’t say. Our thinking was there’s just no way the second one is going to be as good as the first, because the first one is the first one. So our idea is if we’re going to do a second one, we better go for it and try some insane stuff and we’ll be enjoying it and that way it can’t be half bad.”