Just one person knew for sure: Will Ferrell.
Ferrell told MTV that his contract requires him to attend every other audition the studio sends his way. But one time the studio sent him to another actor and at the time, Ferrell had no idea it was the studio’s director.
“They wrote it in my contract that I gotta be on set all the time, which if it was a normal thing, I would understand,” Ferrell said. “But that’s a deal-breaker for me. It’s never an option for me to be off.”
And that meant he turned down Elf 2.
“I turned it down because the script wasn’t very good,” Ferrell told MTV. “But now when they call me and ask for another script I’ll do it.”
For Elf, the studio offered Ferrell a $5 million payday.
It has not been reported if Elf 2 will include a final installment of Ferrell’s Buddy the Elf or it could be just one more act in Ferrell’s ever-expanding comedy series.
The studio is moving forward with Ferrell’s comedy Holmes and Watson, which stars Ferrell as Sherlock Holmes and John C. Reilly as Dr. Watson.
In the story, Arthur Conan Doyle’s famous duo are men of mystery and infamy – Holmes in the witness protection program, since he committed perjury during a trial. Holmes has to rely on Watson, a now-married man, to help him with his case.
Holmes and Watson also features Sarah Silverman, Dakota Johnson, Tiffany Haddish, Rhys Ifans, Keith David, Scott Mantz, Emma Thompson, Mark Gatiss, Rob Brydon, Jimmi Simpson, Jim Broadbent, Colin Farrel, Dave Johns, and Mick Jagger.
The Hollywood Reporter first reported on the film, writing that Ferrell first began developing the film while he was in the process of going through the gruelling production process on Daddy’s Home 2.
McG – who previously directed both the Charlie’s Angels films and Super 8 – is the director.
The story is based on the 1880 short story “A Study in Scarlet” by Bram Stoker and the first published novel by Robert Louis Stevenson.
Fox News’ Clayton Morris contributed to this report.