Jim Carrey and Jeff Daniels' Dumb And Dumber sequel has been given a new lease of life after bosses at Universal Pictures snapped up the distribution rights days after the project was dropped by Warner Bros. executives. Both actors had signed up to reprise their roles as bumbling duo Lloyd Christmas and Harry Dunne in the follow-up and reteam with Bobby and Peter Farrelly, the writers and directors of the original 1994 cult comedy. The film, which had been in the works for years at Warner Bros. subsidiary New Line Cinema, hit a stumbling block last week (ends14Jun13) when it was wiped from the studio's slate of planned projects amid reports of waning interest following the poor box office performance of Carrey's latest release, The Incredible Burt Wonderstone, in March (13). However, the Farrelly brothers have bounced back with a new financier and distributor after Universal executives signed on to take charge of the film's release in North America, reports Deadline.com. The upcoming comedy will be the third installment of the Dumb and Dumber franchise - prequel Dumb and Dumberer: When Harry Met Lloyd hit cinemas in 2003.