The Rise of the Planet of the Apes actor has penned a fiction book loosely based on his Hollywood life, reports The New York Observer.
Franco's novel, entitled Actors Anonymous, will be published exclusively via online retailer Amazon, whose fiction editor Ed Park acquired the project. Richard Abate of 3 Arts, Franco's literary agent, brokered the deal.
Franco released a collection of short stories entitled Palo Alto, which was published by Scribner, in September 2010. Socialite and TV presenter Peaches Geldof criticised the actor's efforts, saying that his work borrowed too heavily from renowned short story writer and novelist Raymond Carver.
Franco announced plans in November to shoot and direct a fashion campaign for Seven For All Mankind.
He will make a cameo as Hugh Hefner in the upcoming film Lovelace.
> James Franco to hold séance to speak with Tennessee Williams
Watch a clip of James Franco on Jimmy Kimmel Live! below: