HOLLYWOOD, CA - Actor James Franco, best known as the son of Willem Defoe's Green Goblin in the Spiderman movie franchise, today revealed plans to amputate the hosting arm of his career.

A retrospective montage of Franco's hosting was featured during last night's Oscar ® telecast, paying homage to the star responsible for so many inimitable moments in television gala hosting. Among those moments remembered: the actor staring blankly off into space, catatonic teleprompter fixation, and the uncanny ability to ignore Anne Hathaway's cleavage.

Franco, for the most part, seems unconcerned with the loss. In post-Oscar ® celebrations the star was reported to be more concerned about whether pink makes his butt look fat in HD.

Franco is also the new face of Vicodin. He's repped by Kami Putnam-Heist at CAA.