The series has been created by David Simon and George Pelecanos, and follows the rise of the adult industry in New York's seedy Times Square of the 1970s and '80s.
Though Franco did not comment on the allegations, he denied all of them earlier this month.
The actor said that he has total respect for Ally Sheedy and have no idea why she was upset.
Ally Sheedy accused Franco of sexual harassment which the actor denies.
James Franco won Best Performance by an Actor in a Motion Picture - Musical or Comedy for his role in ‘The Disaster Artist’.