James Franco has purchased the rights to the memoir The Adderall Diaries: A Memoir of Moods, Masochism, and Murder by Stephen Elliott with the intention of adapting, directing, producing and starring, according to Variety. The Spider-Man star recently directed the Saturday Night Live documentary Saturday Night, which played at this year's Tribeca Film Festival and is currently gathering buzz for his performance in Danny Boyle's 127 Hours. Released in 2009, the book chronicles Elliott's experience as he covers the 2007 murder trial of computer programmer Hans Reiser and realizes that he and Reiser exist in the same BDSM social circle.

I've always been captivated by Franco as an actor and this project sounds both bizarre and intriguing. He does have a few writing/directing credits under his belt outside of Saturday Night, but they're all films that practically nobody has ever heard of. Judging by the reactions coming out of this year's Toronto International Film Festival, there's a very good chance that we will be hearing Franco's name a lot during Award season, meaning his stock could skyrocket along with this project.