New Delhi, Feb 07 (ANI): James Franco is set to open his own acting school. The 35-year-old actor along with Playhouse West is launching Studio four at The Sherry Theater in Los Angeles, California. The 'Milk' star plans to run two classes every week, where he will be accompanied by additional guests and will teach different acting techniques. Franco will watch his students put on performances and will create potential roles through the use of his production company Rabbit Bandini Productions.