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Miles Teller Says Windfall Won't Stop His Acting Career

Miles Teller has clarified that a significant payout from the sale of his minority stake in a beverage company does not mean he is leaving acting. The 'Top Gun: Maverick' star views the sale as an opportunity to scale and fund films, particularly those featuring underdog stories. He cited the success of celebrities like Ryan Reynolds and George Clooney in similar ventures as rare, noting most celebrity brands fail. Teller expressed pride in this business achievement, which he sees as a confidence boost for his producing instincts.

Key Points: Miles Teller Not Retiring After Beverage Company Sale

  • Beverage company stake sale
  • Plans to produce films
  • Focus on underdog stories
  • Rare success in celebrity brands
  • Inspired by early pioneers
3 min read

Miles Teller declares he is 'not retiring from acting anytime soon'

Actor Miles Teller confirms he is not retiring from acting after selling his stake in a drinks brand, plans to fund underdog story films.

"I'm not retiring from acting anytime soon. - Miles Teller"

Los Angeles, April 19

Hollywood actor Miles Teller has said that he is here to stay, and is "not retiring from acting anytime soon". The actor said after he cashed out on a drinks brand.

The 39-year-old actor had a "minority stake" in a beverage company, and he is now set to pocket a big chunk of cash, reports 'Female First UK'.

Speaking about the payout, the actor refused to say how much he will take home, telling The Hollywood Reporter, "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".

However, the 'Top Gun: Maverick' star said the sale, which he regards as "an opportunity to continue to scale", may influence him to produce and fund films about "underdog stories".

He said, "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 per 'Female First UK', 'Deadpool' star Ryan Reynolds found himself in a similar situation to the actor with the buyout of his liquor brand to Diageo for up to $610 million in August 2020.

Asked if Ryan, 49, reached out to congratulate him on the acquisition, the actor said, "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 per cent 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 added.

- IANS

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Reader Comments

S
Sarah B
Interesting read. The part about funding "underdog stories" is the most promising. Hollywood could use more of those, and so could Bollywood. Hope he puts his money where his mouth is.
V
Vikram M
Respect for not talking numbers. In our culture also, it's considered bad form to flaunt wealth. Building a successful business is indeed rare, celebrity or not. Wishing him luck with his future productions.
R
Rohit P
The comparison to Ryan Reynolds is apt. It shows a trend. Even our Indian stars are doing this - investing in startups, owning sports teams. It's the new normal for top talent to be entrepreneurs.
P
Priya S
Honestly, the article feels a bit like a humble brag? "I'm so successful in business but I won't retire from my day job." Many actors struggle. Still, if he funds good stories, more power to him.
M
Michael C
Smart move securing financial freedom. Now he can choose roles he's passionate about without worrying about the paycheck. That's when actors often do their best work. Looking forward to what he does next.

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