James Franco Cancels UCLA Graduation Speech

James Franco will no longer deliver the commencement speech at the UCLA College of Letters and Science graduation ceremony on June 12, the university announced today. "I deeply regret not being able to keep my commitment to giving the commencement speech at UCLA's graduation this year," Franco said in statement. "Unfortunately the date conflicts with me needing to be on location to begin pre-production on my next film. I wish everyone in the 2009 class the best of luck in all of their future endeavors."

Read more on ew.com