Adam McKay, co-writer and director of Anchorman 2: The Legend Continues, has recently come out and said that there may be another Anchorman movie set to released.
Much like when the first installment was released on DVD and Blu-ray, there is a whole host of extra footage left over that never fit within the movie, and so this footage become Wake Up Ron Burgandy. Mckay has stated that they could replace every joke in the original film with a different one because of the amount of improv that takes place during the filming. He has mentioned that this wouldn’t be the same style as Wake Up because the new one wouldn’t follow a different story line, but would be an overall alternate cut of Anchorman 2, with different jokes throughout.
Also, for anyone interested in seeing the gay/vampire joke playing out, that was seen in the trailers released the other day, this scene has already been cut from the final cut of the film. So hopefully if this alternate is ever released, audiences will get to see it in in its entirety.