James Franco’s production company, Rabbit Bandini, have bought the rights to Stephen Elliott’s book, The Adderall Diaries.

The book’s full title is The Adderall Diaries: A Memoir of Moods, Masochism and Murder, so needless to say this is likely to make for great movie material. Sometimes described as a sexual memoir, it tells the controversial story of Elliott’s troubled childhood, which lead to substance abuse and a disturbing addiction to masochistic sex.

Franco is said to be both adapting and directing, as well as potentially starring in the film, which will be produced by his production company. Rabbit Bandini have previously released two feature films, including The Ape and Good Time Max, as well as several shorts.

Franco has also recently directed a documentary entitled Saturday Night, which reveals the backstage antics of American late night television show Saturday Night Live, and has been busy promoting his most recent film, 127 Hours, directed by Danny Boyle.

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