Hollywood star Will Ferrell has said that he turned down a sequel to his 2003 family comedy film 'Elf' and along with it a promised USD 29 million paycheck.The actor and comedian appeared on the cover of The Hollywood Reporter this week where he spoke about the success of 'Elf', which was directed by Jon Favreau (Iron Man). The Shrink Next Door Trailer: Will Ferrell, Paul Rudd’s Dark Comedy Miniseries Is About a Psychiatrist and One of His Patients (Watch Video).

Ferrell revealed that he turned down the sequel due to it having a similar premise as the original movie. "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,'" Ferrell told, adding, "And I thought, 'Can I actually say those words? I don't think I can, so I guess I can't do the movie.'"Will Ferrell, Paul Rudd Reunite for The Shrink Next Door TV Series.

The movie was a box office hit grossing USD 223 million worldwide and becoming an instant Christmas classic. According to THR, he would have been paid USD 29 million for taking part in the sequel. 'Elf' follows Ferrell's Buddy the Elf as he travels to New York City to find his biological father after having been raised in the North Pole by Santa's elves. In September 2020, James Caan, who played Buddy's father, Walter Hobbs, told the radio show 'The Fan in Cleveland' that a sequel was never made due to an alleged disagreement between Ferrell and Favreau.

"We were gonna do it, and I thought, 'Oh my God, I finally have a franchise movie. I can make some money, let my kids do what the hell they want to do,'" Caan said of the sequel. However, "the director and Will didn't get along very well," Caan said. "Will wanted to do it, and he didn't want the director, and [Favreau] had it in his contract. It was one of those things." Although fans of 'Elf' have been clamouring for a sequel since the original film's release, Ferrell has made it clear that he is not interested in participating.

In December 2013, the actor said there would "absolutely not" be a sequel. "It would look slightly pathetic if I tried to squeeze back into the Elf tights," he said on Bravo's 'Watch What Happens Live'. As per People magazine, Ferrell is working on another Christmas movie, a movie musical adaptation of Charles Dickens' 'A Christmas Carol' called 'Spirited'. The film also stars Ryan Reynolds.

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