James Franco James Franco

After having fun at the Sundance Film Fest with a Three's Company-themed art installation, unpredictable Oscar host and Lead Actor nominee James Franco is getting more serious about plans for his favorite '70s sitcom.

"When we were accepted to Sundance, we didn't have the series rights, but then the Three's Company estate contacted us," James reports. "At first they were opposed to it, but then they saw what we did (a startling dramatic take) and loved it. So they are now talking to us about developing a Three's Company feature film and an off-Broadway play."

While Franco's art project cast his assistant as Janet and a bearded man as Chrissy, I'm picturing Zooey Deschanel as Janet and SNL's Kristen Wiig as Chrissy jiggling it up alongside James' Jack Tripper.

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