Why Will Ferrell Payed $29 Million to Star in Elf Sequel

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Will FerrellRecollections of the ElfFans are unlikely to sing joyfully for the sequel that never happened.

During a cover article The Hollywood ReporterThe 54-year old actor talked about his decision to decline a sequel as a comedy issue. Jon FavreauThe beloved 2003 holiday film starring, also stars James Caan Zooey Deschanel.

According to THRWill received a $29 million offer to return his role as Buddy, the Christmas elf. However, the star ultimately decided he wouldn’t feel proud to make the second film, as it seemed to him as though it was just rehashing the original magic.

“I would have had to promote the movie from an honest place, which would’ve been, like, ‘Oh no, it’s not good. I just couldn’t turn down that much money,'”He spoke candidly. “And I thought, ‘Can I actually say those words? I don’t think I can, so I guess I can’t do the movie.'”