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JAMES FRANCO PLANNING TO LAUNCH BAR ON OSCARS NIGHT

James Franco will follow-up his co-hosting stint at the 2011 Academy Awards by launching a new Hollywood bar.

The 127 Hours star plans to host an exclusive after-Oscars party at the unnamed venue - and he's offering to sing for celebrity guests.

He says, "I'm a partner in a bar that's opening up, and the after-after-after-after-party is going to be at my new bar. It's at a secret location.

"That's all I can say because I can't fit everybody. Everybody at the Governors Ball will not fit into my new bar, but it'll be going down."