Franco, whose film credits include Milk and Pineapple Express, was expected to make his Broadway debut two years ago, in 2011, alongside Nicole Kidman in Tennessee Williams' SweetBirdofYouth, but the production was abandoned.
Also announced for the Old Vic's 2013 season is Lindsay Posner directing Terence Rattigan's play The Winslow Boy and Kim Cattrall starring in Tennessee Williams's SweetBirdofYouth, directed by Marianne Elliott.