James Franco Now Wants $500,000 of Your Money

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Because we all have money to blow in this economy: James Franco is now asking fans to donate $500,000 so that he and a bunch of young filmmakers can adapt some short stories he wrote into a trilogy.

More specifically, the Oscar-nominated actor has teamed with Indie Gogo (not Kickstarter, like you might have thought) to raise money for "Palo Alto Stories," three feature-length films based on Franco's experiences growing up in Northern California. Nina Ljeti, Vladimir Bourdeau, Bruce Thierry Cheung and Gabriel Demestree will helm the projects, should they be able to raise enough money. (So far, they've raised over $16,000.)

In a quote from Variety, Franco -- who will donate all proceeds to the Art of Elysium -- said:

It touches on universal things about being a teenager and coming-of-age and learning about the bigger world.
I read the first page of his book of short stories, Palo Alto. It wasn't very good.
 

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