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Sequel of the movie “Elf” was turned down by Will Ferrell along with a $29 million offer.

Remember Will Ferrell’s “ELF” of 2003 hit Hollywood movie? It was an enjoyable movie for all age groups directed by Jon Favreau, who also had been acclaimed for his direction of “Iron Man.”

The movie was based on Will Ferrell’s role depicted as Buddy ‘the Elf’ being raised by Santa’s elves in the North Pole. He travels to New York to find his biological father, enacted by James Caan, who acted as Walter Hobbs in the movie.

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In an interview with the radio show “The Fan in Cleveland,” Caan stated, the sequel, which was on popular public demand, could not be made probably due to an alleged misunderstanding between Farrell and Jon Favreau and also that he thought even he could join the profitable venture if it rolled out. He further said Ferrell wanted to roll out the sequel but did not favor it to be directed by Jon Favreau, but Favreau had it in his contract.

Even in 2013 December, Will Ferrell had claimed that a sequel was not possible as he could not imagine himself getting into Elf tights again. He said that they would look pathetic while being interviewed by Bravos on “Watch What Happens Live. ”

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In an interview with Hollywood Reporter Bill Farrell announced that he had turned down the sequel along with a $29 million package as he did not want to work from this same premises as the original movie.

The original version had become a Christmas hit with blockbuster earnings of $223 million.

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People Magazine had stated that Ferrell has approached a different director for another Christmas-based movie, along with actor Ryan Reynolds named “Spirited,” adapted from the Classic musical of Charles Dickens – “A Christmas Carol.”

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