James Franco Honored by Theatre of Elysium, Red Carpet

Honored by the Theatre of Elysium, James Dean actor James Franco speaks from the red carpet, along with a few other participants.

Reportedly, screenwriter Nicolas Constantine and Soundgarden frontman Chris Cornell have obtained the rights to The Night Stalker, a biography of serial killer Richard Ramirez written by Phillip Carlo, and the producers and Cornell have apparently picked James to star in and direct the feature film version of Ramirez' twisted life.