Will Ferrell and Adam McKay to end their production partnership

LOS ANGELES – Will Ferrell and Adam McKay, long-time production partners, separate after more than a decade.

The duo announced the split on Saturday and insisted that it be amicable. Projects produced under their Gary Sanchez banner include "Vice", "Step Brothers", "Talladega Nights" and Anchorman and Daddy's Movies Home. In 2014, Jessica Elbaum founded the production company Gloria Sanchez as a sister brand of Gary Sanchez Productions, focusing on women's voices in comedies.

"The last 13 years could not have been more enjoyable and satisfying for both of us at Sanchez Productions," Ferrell and McKay said in a joint statement. "We warmly thank our amazing staff and leaders, as well as all the writers, directors and actors we have worked with over the years, we will always work together creatively and always be friends, and we recognize that we have the chance to be able to finish this business as such. "

The announcement announced that Gary Sanchez Productions and Gloria Sanchez Productions will pursue all existing projects until their completion and that all ongoing projects will continue to be developed by related producers.

"The duo is determined to work together creatively on their wide range of shared projects," he added. "They will continue to support themselves personally and professionally as they explore new businesses as well as their own projects.In the future, any future projects on which they could partner will continue their future projects. . "

Ferrell and McKay jointly signed a contract for Paramount's first three-year-old film in September 2018. Gloria Sanchez produced STX's strip club drama "Hustlers". McKay and Ferrell produce Netflix's "Eurovision" comedy, with Ferrell in the lead role.

McKay has received five Academy Award nominations, including Best Picture, Best Director and Best Original Screenplay for "Vice", Best Director, and Best Screenplay for "The Big Short". He and Charles Randolph won the Oscar for the screenplay "The Big Short".

Ferrell recently played in Sony's "Holmes & Watson" and was produced as a star in "Downhill", the Fox Searchlight remake of the 2014 Swedish film "Force Majeure".

Ferrell and McKay met while they were working on "Saturday Night Live" in 1995. The news was first reported by Deadline Hollywood.