James Franco runs the option

Wunderkind James Franco has reported purchased the rights to Holy Land, D.J. Waldie's novel set in 1950s suburbia. Read more about Franco's bookish conquests in the Los Angeles Times's Jacket Copy blog:

In 2009, Franco told a New Yorker Festival audience that he'd optioned "The Broken Tower," a biography of poet Hart Crane, and Franco's brother Dave told GQ that the two were working on an adaptation of Charles Bukowski's "Ham on Rye."

His first book of short stories, Palo Alto, is slated to be in stores on Oct. 19th.