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.

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