James Franco, actor and Oscar host, is working with indie-film auteur Harmony Korine on “a violent new art film.†The duo is reportedly planning to stage a fight between actual L.A. street gangs and they might allow the gangs to use real weapons and hurt one another. The battle will reportedly take place at an iconic location like the Griffith Observatory. On the spiraling map of James Franco projects, mark this potentially interesting one as edgier than the Gagosian Gallery exhibit, but arguably less ambitious than directing Faulkner. [Page Six/NYP]