James Franco, 33, was scheduled to make his Broadway debut later this year playing Chance Wayne in a revival of Tennessee Williams’s 1959 play Sweet Bird of Youth. However, he has dropped out the production, which was to co-star Nicole Kidman in the role of Princess Kosmonopolis. Franco’s publicist Robin Baum confirmed the news Monday but did not give a reason. The play’s director, David Cromer, told the New York Times yesterday that because of Franco’s decision, the revival will not happen this fall and may not even be part of the 2011/2012 Broadway season. Franco is studying to earn a doctorate in English at Yale and can currently be seen starring on the big screen in Rise of the Planet of the Apes.