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The first official trailer for Anchorman 2: The Legend Continues is out, following the last teaser trailer that came out a month ago. The Channel 4 News team of Ron (Will Ferrell), Brian (Paul Rudd), Brick (Steve Carrell), Champ (David Koechner), and Veronica (Christina Applegate) find themselves greeting the 80s by moving to New York to take part in a 24-hour news network. Joining the cast are Kristen Wiig (Bridesmaids), James Marsden (X-Men), and Meagan Good (Brick).

The first Anchorman was surprisingly funny, considering it being a Will Ferrell movie, but this second one doesn’t appear to have the same magic. With all of the opportunities that the 80s setting present, it’s disappointing that the direction doesn’t harp on all of the 80s cliches. Also, what’s up with that unnecessarily racist “joke” at the end of the trailer? Ferrell’s comedy stems on awkward scenarios, which results in very hit-or-miss results that tend to lean towards a definitive miss.

Hopefully the trailer doesn’t represent the entirety of the film. We’ll find out as we approach Anchorman 2: The Legend Continues‘ theatrical release date this Christmas.