So many celebrity news stories, so little time! Thanks to a few of our fellow entertainment BFF’s, Hollywire has rounded up some of our favorite and most-talked about news stories of the day! James Franco explains why The Perks of Being a Wallflower is Oscar worthy, Selena Gomez to put on UNICEF acoustic concert and Ashley Benson talks about her Spring Breakers role.

We didn’t hear or see much from Kristen Stewart following the Rupert Sanders cheating scandal and now we know why – she was hiding out in her hotel room! [Celebuzz]

Perks of Being a Wallflower is definitely one of the best movies of the year, but James Franco explains why the book-turned-movie should be a serious contender during this year’s Oscar race [Teen]

It wasn’t an easy pregnancy for new mom Megan Fox, but she admitted to Jay Leno that, at one point, she thought her baby was a real-life vampire! [CelebrityBabyScoop]

Selena Gomez will host an exclusive, one-night-only concert for UNICEF in NYC on Saturday, Jan. 19 [Popcrush]

Hollywood has been taking the recent shooting at Sandy Hook Elementary very seriously and that means pulling Ke$ha off the radio [TheCelebrityCafe]

Fans have fallen in love with Ashley Benson on Pretty Little Liars, but she takes on a whole new role in the upcoming film Spring Breakers. She opened up about “psychotic” character and what it took the play her [Wetpaint]

NBC has released new Rent-inspired character and full cast posters from the upcoming second season of Smash [Hypable]

Bill Murray is looking as dapper as ever on the cover of GQ’s January issue and a little like Elvis Costello on the inside [Buzzfeed]