After the show is the after-party, but when it comes to The Academy Awards, James Franco is hosting them both. A little birdie who wishes to remain anonymous tells Grub Street that Franco is opening up his bar The Writer’s Room in the back of supperclub tonight following a screening of My Own Private Idaho at Gagosian Gallery. Come Sunday, expect “military style security” and “late night breakfast” after The Oscars, as Franco is hosting a private after-party here with a heavy load of celebrities and DJ D-Nice on the wheels of steel. Will you go to Franco’s party or Madonna’s? So hard to choose. Oh wait, that’s right, none of us mortals are actually invited. But we hear there might be a barrier set up across the street for us non-celebrity animals to watch famous people walk in and if we’re truly lucky, get thrown out.