Further explaining the plight of an actor, Phillippe adds, "So you slave away and you work hard and you want to make something great, and a lot of times you end up disappointed. There are a lot of elements that are beyond your control when you're an actor for hire."
In addition to Cruel Intentions, Phillippe's critically acclaimed films include the Oscar-winning movie Crash, Gosford Park, Flags of Our Fathers and The Lincoln Lawyer.
But there was that one time he did a movie with 50 Cent called Setup in 2011, a movie Phillippe refers to as "terrible." "It was just a situation I didn't want to be in," he tells the Times. "I was sold a bill of goods and it turned out to be something different, which is often the case in this business."
His highest rated film is Crimson Tide (1995) with 87%.
"Acting alone doesn't sustain me the same way it used to. Which I think is completely okay if you've done something for 20 years," the father-of-three continues. "Trying something else becomes really appealing."
Phillippe co-wrote, directed and starred in his upcoming movie Catch Hell. In theaters now, the thriller is about a washed-up Hollywood actor, Reagon Pearce (Phillippe), who is kidnapped by thugs on the way to work in Shreveport, Louisiana.
What's your favorite Phillipe film?
I Know What You Did Last Summer is getting a reboot and Phillippe's co-star Jennifer Love Hewitt recently told ET she'd be down for revisiting her role in the horror film.