Speaking to Seth Meyers, Franco gave a similar response to questions about the accusations, the current #MeToo movement and Time's Up campaign as those given previously to Stephen Colbert.
The actor — who won the Best Actor Golden Globe for The Disaster Artist — began by acknowledging the claims, calling them “not accurate” but saying a conversation needs to take place in Hollywood.
Speaking specifically about Ally Sheedy, who accused Franco of misconduct in since-deleted Tweets, he said: "I had a great relationship with her, she took the tweet down. I don't know.”
Pressed on the issue by Meyers, who asked whether the actor had approached Sheedy to understand why she would Tweet those messages, Franco replied: ”It was just so shocking, I don't know. I guess I'm just letting it be."
The host then asked about whether the recent #MeToo movement has made him reflect on past actions, Franco gave his most revealing answer: "I think what I really learned, like I said, there are stories that need to get out, people that need to be heard.
“I have my own side of this story but I believe in these people that have been underrepresented getting their stories out enough that I will hold back things that I could say just because I believe in it that much.
“If I have to take a knock because I am not going to try and actively refute things then I will because I believe in it that much." Watch below.
Franco was one of the many actors to wear a Time's Up pin to the Golden Globes, receiving criticism on Twitter as a result. As a result of the new allegations, a scheduled TimesTalk with Franco concerning The Disaster Artist was cancelled.
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