James Franco on the set of the upcoming movie "Howl"

Seems that making loads of money filming awesome movies is more important to James Franco than delivering a speech of reassuring niceties to a group of people who will start off their adult lives in $100,000 worth of  student loan debt. The actor and star of “Spiderman” and “Pineapple Express” , who is also a UCLA alumni, released this statement about why he backed out of his commencement speech obligations.


“I deeply regret not being able to keep my commitment to giving the commencement speech at UCLA’s graduation this year,” Franco said in a prepared statement provided to the university. “Unfortunately, the date conflicts with me needing to be on location to begin pre-production on my next film. I wish everyone in the 2009 class the best of luck in all of their future endeavors.”

UCLA is scrambling to find a worthwhile replacement for the Golden Globe nominated actor.