01/22/2013 10:47 am ET

James Franco & 'American Tabloid': Actor Will Direct And Star In Upcoming Film

Ever the busy man, actor/director/author/teacher/poet James Franco has announced his next project.

"We're going to do 'American Tabloid' by James Ellroy," he said in an interview with MTV (shown above). "It's not all put together yet ... It's still early."

Ellory's "American Tabloid" hit shelves in 1995. The novel follows the story of Pete Bondurant, Kemper Boyd, and Ward Littell, three police officers whose work and lives become intertwined with the CIA and the mafia in the five years leading up to the assassination of John F. Kennedy.

Several of Ellroy's past works have been adapted for film, such as the 1997 film "L.A. Confidential" and 2006's "The Black Dahlia."

Franco spent the week at Park City, Utah's Sundance Film Festival where he was promoting three films: "Kink," "Lovelace," and "Interior. Leather Bar." He also released a poem titled "Obama in Asheville," which he wrote prior to the president's inauguration. Watch that by clicking here.

For more, head over to MTV.

[via MTV]

James Franco