Just two days ago we reported that director Adam McKay revealed that Anchorman 2 could be shooting as early as February 2011 if the film was given the green light by Paramount, although it seems that won't be the case. McKay just recently spread the news on his Twitter account that Paramount has passed on the sequel. Here's what he said on Twitter.

"So bummed. Paramount basically passed on Anchorman 2. Even after we cut our budget down. We tried."

McKay revealed in our earlier report that the main cast, which included comedy stars such as Will Ferrell, David Koechner, Paul Rudd, Steve Carell, had all agreed to take pay cuts to get the film off the ground. It seems, however, that wasn't enough.

We'll be sure to keep you posted on any further details regarding Anchorman 2 as soon as we have more information.