Madonna and Demi to host Oscar bash

Madonna and Demi Moore are set to host their own Oscar party for the second year running.
E! reports that the stars will co-host a party with Madge's manager Guy Oseary at his Los Angeles home on February 22.
The bash will be guest list only.
Last year Demi and Madonna's shindig attracted a multitude of celebs including Tom Cruise, Katie Holmes, Ellen DeGeneres, Portia De Rossi, Cameron Diaz and Orlando Bloom.
Apparently even Sir Elton John and his husband, David Furnish, popped in after hosting their annual Oscar night Aids fundraiser.
Other parties going on in Los Angeles on the big night include the legendary Vanity Fair bash, which took a break last year due to the writer's strike.
However, the mag's editor Graydon Carter says the party will be scaled down this year and will use recycled decor to help save cash and the environment.

From The Press Association

Below is the only picture to surface from last years party - pictured with Madonna are Demi Moore and Diane Von Furstenberg.