• Video
  • Shop
  • Culture
  • Family
  • Wellness
  • Food
  • Living
  • Style
  • Travel
  • News
  • Book Club
  • Newsletter
  • Privacy Policy
  • Your US State Privacy Rights
  • Children's Online Privacy Policy
  • Interest-Based Ads
  • Terms of Use
  • Do Not Sell My Info
  • Contact Us
  • Recalls and Product Safety Alerts
  • © 2026 ABC News
  • Culture

Will Ferrell explains why he never made an 'Elf' sequel

6:31
Will Ferrell explains the tiara he wore in a high school picture
Jeff Kravitz/FilmMagic via Getty Images, FILE
ByMegan Stone
October 29, 2021, 4:21 PM

"Elf" is considered a holiday staple and fans have long wondered why the popular film doesn't have a sequel.

Star Will Ferrell recently opened up on why he was not on board with a follow-up to the iconic Christmas movie, which was released in 2003.

Ferrell told The Hollywood Reporter his decision to table "Elf 2" had nothing to do with money; he reportedly said no to a handsome $29 million to reprise the lovable Buddy. The problem apparently was that the only good thing about the potential sequel was the paycheck.

Related Articles

MORE: Holiday movies and TV episodes to stream on Disney+

"I would have had to promote the movie from an honest place," Ferrell said, "which would’ve been, like, 'Oh no, it’s not good. I just couldn’t turn down that much money.'"

Noting the script's rehashed premise, he said he mulled over what his motivation would be for doing such a film and confessed, "I thought, 'Can I actually say those words? I don’t think I can, so I guess I can’t do the movie.'"

Given its status as a beloved holiday classic, it's ironic that Ferrell admitted he once thought the Christmas film, which also stars Zooey Deschanel, Ed Asner and James Caan, would be the death of his acting career.

Editor’s Picks

'Desperate Housewives' alums to reunite in holiday film

  • Oct 07, 2021

Biggest movies for the family to watch over the holidays

  • Dec 25, 2020

Holiday movies and TV episodes to stream on Disney+

  • Dec 25, 2020

There was a moment, he said, when he was in New York City wearing Buddy's fashionable yellow tights and thought to himself, "Boy, this could be the end."

A scene from the movie "Elf," in 2003.
United Archives/Impress via Newscom

Related Articles

MORE: Will Ferrell explains the tiara he wore in a high school picture

Then the movie charmed its test audience and the actor gained hope -- especially after one test group of what appeared to be "USC frat boys" also enjoyed the feel-good film.

"Elf" proved to be a hit and a boon for Ferrell's career, amassing $222.3 million during its box office run.

Editor’s Picks

'Desperate Housewives' alums to reunite in holiday film

  • Oct 07, 2021

Biggest movies for the family to watch over the holidays

  • Dec 25, 2020

Holiday movies and TV episodes to stream on Disney+

  • Dec 25, 2020

Up Next in Culture—

Soccer star Erling Haaland debuts buzz cut for new season

August 24, 2026

‘I was just numb’: Hayden Panettiere's mother breaks silence on daughter's death

August 24, 2026

Prince Harry, Meghan Markle have not decided how long they'll stay in UK, source says

August 23, 2026

Anna Paquin speaks out about child stars after Hayden Panettiere's death

August 22, 2026

Shop GMA Favorites

ABC will receive a commission for purchases made through these links.

Sponsored Content by Taboola

The latest lifestyle and entertainment news and inspiration for how to live your best life - all from Good Morning America.
  • Contests
  • Terms of Use
  • Privacy Policy
  • Do Not Sell My Info
  • Children’s Online Privacy Policy
  • Advertise with us
  • Your US State Privacy Rights
  • Interest-Based Ads
  • About Nielsen Measurement
  • Press
  • Feedback
  • Shop FAQs
  • ABC News
  • ABC
  • All Videos
  • All Topics
  • Sitemap
  • Recalls and Product Safety Alerts

© 2026 ABC News
  • Privacy Policy— 
  • Your US State Privacy Rights— 
  • Children's Online Privacy Policy— 
  • Interest-Based Ads— 
  • Terms of Use— 
  • Do Not Sell My Info— 
  • Contact Us— 
  • Recalls and Product Safety Alerts— 

© 2026 ABC News