Paramount Pictures and

With Anders to return as director, and Burns as writer, the sequel will also return with Will Ferrell and Mark Wahlberg reprising their roles as competitive fathers.

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The comedy film which was released on Christmas Days in 2015, told the story of a mild-mannered radio executive, who struggles to become a good stepfather to his wife's two children, but complications arise when their father ( arrives, forcing him to compete for the affection of the kids.

The movie which also starred Linda Cardellini, Hannibal Buress and Paul Scheer, grossed over $240 million worldwide and $150 million domestically.

Watch trailer below.