James Franco to launch a bar after the Oscars

Oscar Nominee, the 127 Hours star, James Franco will be launching a new Hollywood bar at the Academy Awards 2011. He plans to host an exclusive after-Oscar party at a venue, not known to anybody.

Contactmusic reported that in this after-Oscar party, James will offer to sing for these celebrity guests. "I'm a partner in a bar that's opening up, and the after-party is going to be at my new bar. It's at a secret location," he said.

James also added that it is not possible to fit everybody in this after Oscar party. "Everybody at the Governors Ball will not fit into my new bar, but it'll be going down," said the star.

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