Will Ferrell Turned Down $43 Million To Star In A Sequel To โ€˜Elfโ€™
โ€” 24 December 2022

Will Ferrell Turned Down $43 Million To Star In A Sequel To โ€˜Elfโ€™

โ€” 24 December 2022

Itโ€™s been nearly two decades since we first saw Will Ferrell as Buddy the Elf. The holiday comedy was sort of a lightning-in-a-bottle moment โ€“ the filmmakers and actors involved with Elf all went on to achieve massive success and the movie itself has since gained the status of a modern Christmas classic. And although an official Elf 2 seemed like an inevitability, Ferrell himself ultimately decided that no amount of money in the world would be worth donning the yellow tights a second time around.

Seeing those ads for British supermarket chain Asda this month โ€“ which rotoscoped footage of Buddy out of the original film and into one of its stores โ€“ has only highlighted the enduring popularity of Elf. Will Ferrell even joked that these ads โ€œkind of helped me finally get paid market value for when I shot Elf.โ€ 

Will Ferrell certainly got the opportunity to get paid market value for his role as Buddy when he was pitched Elf 2 at some point back in 2005. Just two years prior, he was the fast-rising comedic star thatโ€™d graduated from Saturday Night Live with a breakout role in Todd Phillipsโ€™ frat house comedy Old School. By 2005, fresh off Anchorman: The Legend of Ron Burgundy, he was a bona fide A-lister. The US$29 million (AU$43 million) offer was necessary for him to even consider.

RELATED: โ€˜Die Hardโ€™ Is A Christmas Movieโ€ฆ End Of Discussion

https://www.youtube.com/watch?v=KnW1TWqAXYs&ab_channel=Asda

Screenwriter Scot Armstrong, who undertook an uncredited rewrite on Elf, turned in a draft for the proposed follow-up. The story took place an indeterminate number of years after the original and was centred on the now-married Buddy and Jovie, along with their 10-year-old daughter Susie. Buddy wouldโ€™ve also been enjoying his life as a successful childrenโ€™s book author specialising in stories about Christmas.

While Elf is a fish out of water story about Buddy trying to find and connect with his real father, Elf 2 was intended to be more of a character study. It wouldโ€™ve seen Buddy lose the diet of 7,000 daily calories of sugar, the elf outfit, and change his name to โ€œBrianโ€ in an attempt to no longer be the subject of embarrassment for his daughter.

When asked about the proposed Elf 2 by The Hollywood Reporter last year, Will Ferrell was open about his concerns regarding the artistic direction of the film.

โ€œI would have had to promote the movie from an honest place, which wouldโ€™ve been, like, โ€˜Oh no, itโ€™s not good. I just couldnโ€™t turn down that much money.โ€™ And I thought, โ€˜Can I actually say those words? I donโ€™t think I can, so I guess I canโ€™t do the movie.โ€™โ€

Elf co-star James Caan, the actor that played Buddyโ€™s father, has previously suggested that a sequel will never happen due to a dispute between Will Ferrell and director Jon Favreau. Despite this, Will Ferrell has maintained that his sole issue with an Elf 2 is this idea of turning the character into a dad adjusting to suburbia. In his words:

โ€œI just think it would look slightly pathetic if I tried to squeeze back in the elf tights: Buddy the middle-aged elf.โ€

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