When last we reported on the status of the Dumb & Dumber sequel, it had been dropped by Warner Bros. with Bobby and Peter Farrelly eyeing Red Granite to finance and a number of studios vying for domestic distribution.  Today, the Farrelly brothers confirmed that Red Granite will indeed be backing the film as well as handling international distribution, and that Universal Pictures has stepped in as a domestic distributor.  Fans of Harry (Jeff Daniels) and Lloyd (Jim Carrey) should now be excited that the long awaited sequel to the 1994 hit comedy can now get off the ground.  Hit the jump for more.

In October, we reported that Jim Carrey was set to reteam with co-star Jeff Daniels for the sequel Dumb and Dumber To, but that apparently won’t be the case.  According to ETonline, Carrey has decided not to reprise his role as Lloyd Christmas.  The actor was reportedly “frustrated” by the lack of enthusiasm on the part of Warner Bros.  “I would have thought Dumb and Dumber To was a no-brainer,” Carrey said in a statement to ETonline, “after all it’s implied in the title.”  Original writer-directors Peter and Bobby Farrelly were going to produce and direct the sequel with Sean Anders (That’s My Boy) and John Morris co-writing the script.

Hit the jump for more.