Ron Burgundy and his mustache traveled all the way from the 1970s to do three things tonight:

1.) Play some kick-ass jazz flute on TBS’s Conan.

2.) Tell Conan O’Brien he looks like he’s dying.

3.) Announce that his 2004 movie, Anchorman: The Legend of Ron Burgundy, is now getting a sequel.

UPDATED: EW found out just who will be back for the sequel, and when it will get underway.

Clad in his character’s signature wine-colored suit, Will Ferrell appears on tonight’s show and early footage has already leaked out. He made some crude sexual comparisons between his flute and his penis before praising O’Brien and sidekick Andy Richter for being “outstanding broadcasters.”

The pompous anchor of San Diego’s Action 4 News had only one criticism: “It’s probably only something a professional like me would notice, but Conan — you look awful.”

Burgundy insisted he was only giving the late-night host some tough love. “You look like someone put a bright red fright wig on a skeleton. And chucked it out of a helicopter,” Burgundy said. “I’m being kind right here.”

He offered O’Brien some words of advice: Fire his hair, make-up, and wardrobe people. “Just go under the knife, okay?” he suggested. “Go into your doctor’s office and point at your face and say, ‘Doc, it’s a page-one rewrite.’”

Almost as an afterthought, Burgundy got around to the point of his appearance:

“As of 0900 Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman,” he declared. “It is official! There will be a sequel to Anchorman. There will be a sequel.”

He then walked off, tootling his flute.

Will Steve Carell, Christina Applegate, Paul Rudd, and David Koechner also be returning? Will more than eight years have elapsed in Ron Burgundy’s time-period, or is he still smack in the middle of the 1970s? When will this movie begin shooting or hit theaters?

Like any smart newsman, Burgundy didn’t stick around to answer questions.

EW got in touch with Paramount for some of the details.

Carell and Rudd will definitely be coming back, though all others are still up in the air. Ferrell and Adam McKay will co-write the script, and McKay (who made the original) will be back to direct.

Gary Sanchez Productions will produce along with Judd Apatow Productions, and the movie is expected to get underway toward the end of year for release in 2013.

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Anchorman: The Legend of Ron Burgundy
  • Movie
  • 91 minutes