updated 02/01/2011 AT 7:00 AM ET
•originally published 02/01/2011 AT 7:45 AM ET
Franco, who is also nominated for Best Actor (in 127 Hours), reveals to Canadian show etalk that he will be capping off the evening by hosting – and performing at – an ultra-exclusive after-party at very special place.
“I’m a partner in a bar that’s opening up, and the after-after-after-after-party is going to be at my new bar,” the actor, 32, said this weekend at the Santa Barbara International Film Festival. “It’s at a secret location. And that’s what I’m looking forward to because I’m going to be singing there at the bar. I’ll be singing at the Oscars, but there will be a private performance at my new bar.”