James Franco: Why I Am Co-Hosting The Oscars

James Franco arrives at LAX airport wearing a festive hat on Thursday (November 2) in Los Angeles.

The 32-year-old actor talked to Jimmy Kimmel on Thursday about how he had to weigh the pros and cons to co-hosting the 2011 Academy Awards.

“It makes you insane,” James said about the Oscar buzz surrounding the movie 127 Hours. When the Academy of Motion Picture Arts & Sciences’ executive director Bruce Davis told James that no one has hosted the Oscars and won an award on the same night, he felt that co-hosting would take the “pressure off.”