Will Ferrell Turned Down $29M for an ‘Elf’ Sequel

During a recent interview with The Hollywood Reporter, Will Ferrell revealed that he turned down $29 million to come back for an Elf sequel.  According to Ferrell, he turned down the sequel because the story was similar to the original 2003 film.

I would’ve had to promote the movie from an honest place, said Ferrell. It would’ve been like, ‘Oh no it’s not good, I just couldn’t turn down that much money.’ When Elf was released it was a huge hit raking in $223 million at the box office and becoming a Christmas classic.

• Todd Komarnicki

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  NEW YORK- NOVEMBER 2 (HOLLYWOOD REPORTER OUT): Todd Komarnicki, producer of Elf bows before a poster of his movie at a special screening of Elf to benefit the TJ Martell Foundation at Loews Astor Plaza theatres November 2, 2003 in New York, New York. (Photo By Steven Henry/Getty Images)

• Will Ferrell with Santa Goofy At Disneyland In California

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  ANAHEIM, CA - NOVEMBER 09: In this handout image provided by Disney Parks, actor Will Ferrell, star of the popular holiday film "Elf," dons a Mickey Mouse-inspired Elf hat and poses with Santa Goofy in front of the holiday-themed Sleeping Beauty Castle November 9, 2012 at Disneyland Park in Anaheim, California. (Photo by Paul Hiffmeyer/Disney Parks via Getty Images)