James Franco has formalized his intention to star on Broadway next fall in Sweet Bird of Youth, the David Cromer-directed play that will be produced by Scott Rudin. Negotiations are underway, but both Franco and Kidman are fully committed, I’m told. Cromer last directed Our Town. Franco is Oscar-nominated for 127 Hours and is hosting the Oscarcast with Anne Hathaway, while Kidman is Oscar-nominated for Rabbit Hole. She also won her Oscar for The Hours, which Rudin produced. In the revival of the Tennessee Williams play, Kidman will play Alexandra Del Lago, the aging voracious movie star, while Franco will play her gigolo paramour Chance Wayne. Just like that, Broadway has another hot ticket. CAA reps Franco and Kidman.