'Zoolander 2' brings back Will Ferrell as evil Mugatu, Jonah Hill inspires new villain

Zoolander 2 is set to be released in 2012 and sees the return of Ben Stiller and Owen Wilson as rival male models and Will Ferrell as the evil fashion mogul Mugatu, while Jonah Hill will play a new villain.

Justin Theroux, the film's director, is co-writing the script. He says the sequel will see Stiller and Wilson's characters, Derek Zoolander and Hansel, who was until this point "so hot right now", starting off in a bad place - their 40s.

"They're about to ring 40's bell," Theroux told MTV News. "They have to claw their way back into the fashion industry in some way or another."In the first Zoolander film, released in 2001, Mugatu tries to brainwash Zoolander and make him assassinate the Malaysian prime minister when the Frankie Goes To Hollywood song "Relax" is played at a fashion show in order to ensure the country retains cheap child labor. Stiller told OnTheRedCarpet.com in March that a sequel to the hit comedy movie was in the works.

"We are planning on seeing Mugatoo," Theroux said. "There are a couple new villains that step onto the stage, which we are all very happy about. And yes, Jonah is the inspiration for one of them."

Hill has starred in films such as Superbad, Knocked Up and Get Him to the Greek.

Ferrell and Hill can also be heard voicing characters in the animated film Megamind, which is set for release on November 5. Ferrell and some 1,580 people dressed as superheroes gathered in Los Angeles on October 2 and broke a Guinness World Record for the "Largest Gathering of Superheroes" as part of a promotional event for the movie.