Will Ferrell‘s recollection on the ElfFans are unlikely to sing joyfully for the sequel that never happened.

During a Cover Story The Hollywood Reporter‘s comedy issue, the actor at 54 discussed his decision not to accept a sequel to the director. Jon FavreauStarring in the beloved 2003 holiday film of ‘, James Caan Zooey Deschanel.

According to THRWill was offered $29million to reprise his role of Buddy the Christmas elf. However, the star ultimately decided he wouldn’t feel proud to make the second film, as it seemed to him as though it was just rehashing the original magic.

“I would have to promote the film from an honest place, which would have been, like, “Oh no, it isn’t good.” He said openly that he couldn’t refuse such a large sum of money. “And I thought, “Can I actually speak those words?” “I don’t think so, so I guess I can not do the movie.”