Matt Damon reveals why he turned down James Cameron’s ‘Avatar’ franchise

Lara Spencer reports the buzziest stories of the day in "GMA" Pop News.
4:25 | 10/02/19

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Transcript for Matt Damon reveals why he turned down James Cameron’s ‘Avatar’ franchise
How about an exciting "Pop news" for us, Lara? You got its, robin. Good morning, everybody. We're going to begin with Matt Damon opening up about why he turned down one of the highest paying acting jobs of all time. The lead role in "Avatar." Damon sat down with an interview with British gq and revealed James Cameron offered him the role and 10% of the profits. Yeah. As we all know, "Avatar" turned out to be one of the highest grossing movies of all time and a little math would have showed he had a payout of roughly $250 million. Oh, my. For one role so why did he turn it down? Matt tells the magazine it would have conflicted with another big role of his and caused a problem, for, quote all of my friends on the "Bourne ultimatum." I couldn't do it to them. Loy of that. Damon does say he regretted the decision. You think? But not because of the money. No, he says it's because he realized saying no to Cameron meant he would probably pass on the chance to work with ever as Cameron makes so few movies. The lead in "Avatar" went to Sam Worthington who did a terrific job and Matt, Matt, in "Ford versus ferrari" getting great buzz. 250 million. My friends, he just have to under? En stachlt I love you guys. What do you need? I I'll help you out. We'll do Bourne the next year. Wow. Unbelievable. Also in the news, huge congratulations in store for Tyler Perry. The actor turned media mogul honored yesterday right there with a star on the Hollywood walk of fame. Long overdue. Oh, wow. I thought he already had one. Give it up for him. What a great guy. This milestone all the more special for Perry who started his career having to live out of a car. Listen to this. But this one in particular is for the underdogs, this one in particular for the ones who want to do it their way. This one in particular is for those who want to bring as many people through the door with them as they can. Great. Idris Elba was there, Kerry Washington all to support their pal. Kerry saying he was her northstar. Giving her Blaise in the coll telllation. The groundbraking opening of the new Tyler Perry studios in Atlanta happens later this week. He's on a roll. We know him well. Such a nice guy and, yes, this weekend, he's having a gospel brunch on Sunday. I was supposed to be there but with now with the game three of the wnba finals, oh an embarrassment of riches. Should I go to brunch with Tyler or the game but, boy, what he has done. What he has done. Great guy. Somebody we can all be proud of. Great example for everybody. Yeah. Love that. And, Michael, this one is for you. This one is more me? A woman in Canada, a combo. A woman in Canada had a find within a find. She buys a sofa that she loves at a secondhand store, four years later she sits in it every day. Her cell phone sliepds between the cushions and pulls out not just the phone but an extremely rare watch. Estimated to be worth over $250,000. Daytona. Yeah. Wow. This is the Rolex daytona. 6241 Paul Newman like the one you're looking at, highly sought after by collectors. Paul Newman's own daytona broke the record for watches at an auction in 2017 and fetched 15 million. This woman paid $25 for that couch. Wow. How long had it been in her couch like for years? She bought the couch four years earlier. When she found it she did call the store. They had no record of who brought in that couch. She did try to do the right thing. Do they have a picture of that couch? Because I am missing my watch like that. And, everybody, that's "Pop

This transcript has been automatically generated and may not be 100% accurate.

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