Miles Teller Enjoys MASSIVE $325 Million Business Deal — Reveals If He’ll Now Retire from Acting
Miles Teller has found success onscreen thanks to roles in movies like “Whiplash” (2014) and “Top Gun: Maverick” (2022). Now, he’s experienced another kind of accomplishment. The star has found himself involved in a massive business deal thanks to the fact that the drink company he invested in and helped grow has sold for $325 million.
Miles Isn’t ‘Retiring from Acting Anytime Soon’
In 2019, Teller starred in the crime drama “Too Old to Die Young.” That same year, he “became yet another marquee name in a long list of celebrities to enter the adult beverage sector,” according to The Hollywood Reporter (THR). “The leading man landed a minority stake in The Long Drink Company, makers of an eponymous ready-to-drink spritzer native to Finland, consisting of gin and grapefruit soda.”
THR also notes that Teller has now “join[ed] an elite group, one of surprisingly few celebrities to cash out significantly on a booze deal. Earlier this week The Finnish Long Drink sold to the Mark Anthony Group of Companies — makers of White Claw, a top-selling hard seltzer brand — for a reported $325 million.”
“I don’t really talk numbers,” Teller said while talking to THR about the sale and refusing to reveal just how much he’ll take home from the deal. “I was always taught that’s not in good taste. All I’ll say is that I’m not retiring from acting anytime soon.”
Did Friend & Aviation Gin’s Ryan Reynolds Congratulate Teller?
While talking to THR, Teller was asked if “achieving this type of success as a businessman versus as an artist” feels different.
“I find them to be very similar,” he said. “With a movie, I sign on to it because I really believe in its potential. And from there, you don’t feel like you’re promoting something so much as you’re supporting something and it’s very easy to support something that you believe in. There are parts of the country where we outsell every RTD [ready-to-drink beverage] by a fairly big margin. So, when I got to those places and everybody is wearing Long Drink stuff, I take as much pride in that as I do when somebody tells me that they really loved a movie that I was in.”
Teller was also asked, “You said your payout isn’t enough for you to retire from acting, but will it inspire you to pursue, or even self-fund, different sorts of acting projects?”
“Yeah, I think if anything, I’ve gravitated toward underdog stories,” he told THR. “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.”
When THR brought up Teller’s friendship with Ryan Reynolds, “another actor who benefited from a sizable booze buyout, with his Aviation Gin brand,” he was asked if the “Deadpool” star had reached out to congratulate him on the sale.
“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,’” he said. “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.”