Although 'Anchorman 2' wasn't groundbreaking at the box office even being a more moderately budgeted comedy, it did make significantly more than its beloved 2004 predecessor. So, could there be an 'Anchorman 3' somewhere down the line? As far as co-writer and director Adam McKay is concerned ... No. Never. Ever.
Though 'Anchorman 2' isn't due out until sometime next year, and shooting has yet to commence, the script is being worked on and writer/director Adam McKay was out promoting something else when the sequel came up. He dropped some nuggets about the film, including that it's likely to have at least one musical number.