The actor played Harry Osborn, the best friend of Spider-Man's alter-ego Peter Parker, in the original films.
Although he said he has no emotional attachment to the franchise, he is critical of the movie studio's decision to reboot the comic book series so soon after the original trilogy, reported Contactmusic.
"I too have been in comic-book films--the 'Spider-Man' trilogy directed by Sam Raimi. I mention the director because this distinction is now necessary in the wake of the new 'Spider-Man' series that arose even before there was time to bury the corpse of the old one and enshroud it in the haze of nostalgia," Franco wrote in a magazine.
Franco appeared alongside Tobey Maguire and Kirsten Dunst in Raimi's trilogy between 2002 and 2007.
Sony recently announced it will produce two more sequels to 'The Amazing Spider-Man' in 2016 and 2018, which combined with the 2012 film and next year's 'Amazing Spider-Man 2', will bring the new franchise to four films.
