Warner Bros. is officially giving up on a proposed "Dumb and Dumber" sequel. The studio has been working on the flick for several years now but will stop work on the project, says The Hollywood Reporter. 
Jim Carey and Jeff Daniels were said to be returning to their ordinal roles of Lloyd Christmas and Harry Dunne. Peter And Bobby Farrelly also were to return as directors of the film.
But all isn't lost according to Deadline, which reports that Red Granite may take over the financing of the film tentatively titled "Dumb and Dumber To."
"Dumb and Dumber" was a massive comedy hit. The film has grossed over $127 million domestically since its 1994 release. 
New Line Cinemas released a prequel called "Dumb and Dumberer: When Harry Met Lloyd" in 2003. Neither Carey nor Daniels starred in the film. The Farrelly brothers were also absent from that movie, which told the story of Harry and Lloyd's years as high school students in the 1980s.