The beloved Christmas comedy Elf was a gigantic success at the box office and it remains a hit around the holidays. But a sequel was never made. Actor James Caan, who starred in the film as the father of Will Ferrell's Buddy the elf has now explained why that may be.

Caan said on Cleveland's 92.3 The Fan (via TooFab) that plans were in place for a sequel, but it fell apart due in part to a reported clash between Ferrell and director Jon Favreau.

"We were gonna do it. And I thought, 'Oh my god, I finally got a franchise movie, I can make some money,'" Caan explained. "The director and Will didn't get along very well. Will wanted to do it ... and he didn't want that director, and he had it in his contract. It was one of those things. It's too bad."