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‘If it doesn’t happen, we’ll just look to do ‘Anchorman 3,’ ‘ Rudd jokes to MTV News. By Eric Ditzian, with additional reporting by Josh Horowitz Paul Rudd Photo: MTV News In late April, we broke the news that “Anchorman 2” was ready to go . With the stars taking salary cuts and Will Ferrell and director Adam McKay setting up a schedule to write the script, the production looked to shoot early in 2011 — until Paramount declined to OK the prospective budget . “So bummed,” McKay tweeted days after our story ran. “Paramount basically passed on ‘Anchorman 2.’ Even after we cut our budget down. We tried.” Yet fans of the 2004 comedy can’t quite give up the idea that we’ll never be treated to any further adventures of Ferrell’s Ron Burgundy and his news team of Brian Fantana (Paul Rudd), Brick Tamland (Steve Carell) and Champ Kind (David Koechner). So is there any chance “Anchorman 2” could somehow be revived? That’s a question only the studio can answer at this point. “It’s up to Paramount,” Ferrell said at the MTV Movie Awards . “They got to get their heads out of their you-know-whats and make that a reality. So the ball’s in their court.” For now, the “Anchorman” stars remain mystified about why Paramount hasn’t given them the green light. “The salaries are down,” Rudd told us. “I was actually talking to Adam McKay about this last night, and we don’t know. For some reason, they don’t want to make it, I guess. I hope it’s one of those things that does get resolved, because I think we’re all excited. “If it doesn’t happen, we’ll just look to do ‘Anchorman 3,’ ” he added. “The second one’s never good anyway.” Check out everything we’ve got on “Anchorman.” For breaking news, celebrity columns, humor and more — updated around the clock — visit MTVMoviesBlog.com .

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Will Ferrell And Paul Rudd Weigh In On ‘Anchorman’ Sequel Chances