The Anchorman 2 star will be receiving the first-ever Comedic Genius Award.
Stephen Friedman, president of MTV, said in a statement on Monday, "Will Ferrell epitomizes what it means to be a comedic genius and it's only fitting that he should be the inaugural recipient of this award."
Friedman continued, "Over the course of his extraordinary, 17-plus-year career, he has entertained audiences across the globe with an impressive array of laugh-out-loud performances on air, online and in films. Simply put, Will Ferrell is 'kind of a big deal.'"
This won't be Ferrell's first trip to the MTV Movie Awards, though. He has eight nominations from films like Old School, Elf and Blades of Glory, but he has only one win to his name. He earned the Best Kiss award in 2007 for Talladega Nights: The Ballad of Ricky Bobby with co-star Sacha Baron Cohen.
The rest of the nominees for this year's show will be announced on March 5 during the cable network's 2013 MTV Movie Awards Nominations Spectacular. The show will be hosted by MTV's Josh Horowitz and this year's Movie Awards host, Rebel Wilson.
Television audiences can watch the Movie of the Year announcement at 7:58 p.m. EST and then head over to MTV's website to watch a 30-minute live stream for the rest of the nominees. Fans will be able to vote for their favorite stars and films beginning March 5.
Now, we'll just have to wait until April 14 to see if Ferrell shows up as himself or Ron Burgundy.
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