We have reported last night and last week that two sequels to Paramount comedies weren't moving forward and now some new details have emerged. Deadline New York is reporting that both Anchorman 2 and Zoolander 2 aren't totally dead but need to come in with much leaner budgets to get made.

It was said that Paramount still wants to make the films, but will apparently wants to make the films for around $40 million apiece. The site is also reporting that the Anchorman 2 filmmakers are looking at a budget of around $70 million and it was said that the Zoolander 2 will likely be about 20% higher than the $40 million budget mark.

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One of the reasons given for the studio to make the film on such a lean budget has to do with the international box office performances of the original films. While Anchorman: The Legend of Ron Burgundy took in a respectable $85 million at the domestic box office, it only brought in $5 million internationally and Zoolander performed similarly, with a $45 million domestic take and just $15 million internationally.

We'll be sure to keep you posted on any developments on both of these potential sequels as soon as we have more information.