Oscar News: James Franco's Laid-Back Hosting Approach, And Is Banksy Banned From The Stage?

James FrancoTo Hollywood, James Franco may be a mystery wrapped in an enigma wrapped in an occasional soap opera actor. But, the multi-tasking star isn't taking Tinseltown standards too seriously, even when it comes to its biggest night of the year.

The Best Actor nominee ("127 Hours") will serve as co-host alongside Anne Hathaway for the 83rd Annual Academy Awards, but he isn't feeling much pressure about the gig. Speaking with Vanity Fair for their "Screening Room" segment, he bluntly explained: "If it's the worst Oscars show ever, who cares? It's like, it's fine. It's one night. It doesn't matter. If I host the worst Oscar show in the history of the Oscars, like, why do I care?"

Franco said he feels that expectations aren't as high for himself and Hathaway as they would be for, say, Billy Crystal or Chris Rock. "They're not asking us because they're expecting that, the show is going to be designed for what we can do."

In fact, if it does fail, Franco thinks he and Hathaway won't be the only ones at fault. "If [a] movie [I star in] comes out horrible, it's only partially my fault," he said, adding, "It's the same thing with the Oscars. Yeah, we're the hosts, but they've been working on this thing for six months. I hope they've been putting in good work."

Still, just like in his movies, Franco doesn't half-ass anything. As he told VF, "I'll try my best. I don't see any shame in that." With that attitude and his seeming lack of any filter, we're thinking Franco could make for one of the most memorable hosts ever.

While the Oscars attempt to go young and hip with its two hosts, they're apparently none too ready to let notorious street artist Banksy take the stage. According to New York Magazine, Academy president Tom Sherak and executive director Bruce Davis have allegedly made plans to ensure that if the docu-comedy "Exit Through the Gift Shop" walks away with the Oscar for Best Documentary, its star Banksy (who wears disguises in public to shield his face) won't accept it.

It seems Sherak had an impromptu meeting with one of "Exit's" producer Jaimie D’Cruz, in which they decided "that it might be a good idea that if [Banksy] did win, one of them would accept in his place — that it would not be dignified for the Academy to have somebody come up wearing a monkey's head."

There's no question that Banksy would do something to befuddle or shock some Oscar viewers, but there's no doubt it would make for a compelling moment. But, hey, as long as Mr. Brainwash doesn't come up and steal the moment and/or the Oscar -- although, if anyone could do it, it's that guy!

What do you think of today's Oscar news? Do you like James Franco's approach to hosting or should he take it more seriously? Should Banksy be allowed on stage if "Exit Through the Gift Shop" wins? Tell us what you think in the comments section and on Twitter!