Miles Teller Confirms He's Not Stepping Away from Acting
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Key Takeaways
Los Angeles, April 19 (NationPress) Hollywood star Miles Teller has affirmed his commitment to the film industry, stating he is "not retiring from acting anytime soon" after selling his stake in a beverage company.
The 39-year-old actor, who held a minority stake in the drinks brand, is set to reap a significant financial reward, according to reports from ‘Female First UK’.
In a conversation with The Hollywood Reporter, Teller opted not to disclose the financial details of the transaction, saying, "I don’t really talk numbers. I was always taught that’s not in good taste. All I’ll say is that I’m not retiring from acting anytime soon.”
Despite the sale, which he views as a means to expand his creative ventures, Teller is motivated to produce films that highlight underdog stories. He expressed, "I really like chip-on-the-shoulder characters, odds stacked against you, a person or a community. This gives me a lot of confidence to trust my instincts. I’ve been producing for the last several years. Certain actors can get movies made on different budgets. If you can say, 'Hey, I’m attached to this thing, let me find a director, and what actors do we like for this, do I have relationships with them?'. So, it certainly helps.”
As reported by ‘Female First UK’, the ‘Deadpool’ actor Ryan Reynolds experienced a similar situation when he sold his liquor brand to Diageo for an impressive $610 million in August 2020.
When asked if Reynolds, 49, reached out to congratulate him on the deal, Teller remarked, "That first wave of guys with Ryan and Clooney and Rande Gerber and Mike Meldman, it kind of started it all off, where you had a lot of these celebrity copycats come in and say, 'Oh man, look at this cash grab’. But anyone in the industry will tell you that’s just not how it goes. If you do the research on the celebrity brands, a lot of times it doesn’t work out. It’s tough to build a business, in general. I can tell you, I’ve had a lot of texts from various friends and people who have built companies and had companies fail, and they said, 'Miles, this is a huge, huge win. It doesn’t happen very often; it’s extremely rare'.”
"I’m sure it’s less than one percent of people who start companies who end up selling it for any kind of profit. It feels good because it was a new arena for me and I’m really proud of it,” he concluded.