As far as I can tell there were no additional details provided aside from TYO Animations, the team who animated the OVA, will be working on the new season. Now is this a good thing? Well, personally, yeah. TYO did a great job animating the OVA and they have a good track record in making good anime. Rest assured they won’t screw up Yuru Yuri.
Will Lazy Lily fansub the third season?
We announced a while back that Lazy Lily Fansubs will be shifting focus on OVAs, movies, manga and doujinshi. The reason for this is CR is dominating the anime translation scene and we can’t compete with them and the few groups popping up releasing their re-edits. Yuru Yuri season 3 will most likely be picked up by CR, so there’s zero worry on the lack of subs.
With all that said, I’m still interested in working with the girls again. If ever we finally decided to fansub season 3, we’ll ask Bakkin Translations for another collaboration. Their knowledge on the series is very valuable and their input will definitely improve the quality of the translations. This is not official yet! We’ll ask them when the time is right.
For now, rest easy and be HYPED Season 3 is coming!
— SHiN @ Lazy Lily Fansubs