Wendy Mitchell
January 07, 2010 AT 09:00 AM EST

James Franco is set to star in Danny Boyle’s mountaineering film 127 Hours, Variety reports. Boyle’s follow-up to Oscar-winning Slumdog Millionaire is based on the true story of climber Aron Ralston, who had to amputate his arm during a 2003 climb.

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