*UPDATE* According to a tweet from Judd Apatow himself, the film will be a sequel as it takes place in the current time...
"it takes place currently. Lots of fun details to it but I will keep them quiet for a little while. It comes out summer 12."
You can read the rest of last night's report on the story below.
No word yet on whether or not Seth Rogen and Katherine Heigl's characters, the focus of the first film, will make an appearance. Considering Heigl's feelings towards the film, I think it's probably more likely we'll see Rogen show up and not her.
Universal Pictures plans for shooting to begin this summer, with a June 1st 2012 release date already established.
I wonder if this is a way to compensate for Funny People's lukewarm reaction. Knocked Up was by far his most successful comedy as director, grossing over $219M worldwide and establishing Apatow as a comedy force to be reckoned with.
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