Madonna & Demi Moore Throw Last-Minute Oscar Bash

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FIRST PUBLISHED: February 22, 2008 6:25 PM EST
LAST UPDATED: February 22, 2008 6:43 PM EST

LOS ANGELES, Calif. --

Leave it to Madonna and Demi Moore to pick up where Vanity Fair left off, as the icons of music and screen are filling the post-Oscar party gaps left by the canceled Oscar parties.

The Madonna/Moore party will be held in a home in the Westside hills, Variety reports. As of now, the guest list is a few hundred people long, but is expected to grow.

A source that has laid eyes on the exclusive guest list tells Variety, "Everybody's on it. It gives the A-list Vanity Fair crowd someplace to go to. It will probably be pared down to where it's 85% talent, not a lot of suits."

But for the Oscar-goers who don't make the Madonna/Moore guest list, there is always the Governors Ball.

"It's the biggest game in town," a source tells Variety of the Governors bash. "This is going to put the glamour back into the ball."

(For more Oscar glamour, check out Access' Top Ten Most Memorable Oscar Gowns.)

For celebs craving more of an imitate affair, there are still a handful of swank Hollywood hotels that could serve as the perfect location for an impromptu post-Oscar soiree.

"The Four Seasons, L'Ermitage, the Chateau Marmont — these are the natural locales," a studio event planner tells Variety. "The Oscar winners go to the ball and maybe there's something later at their hotel. The losers go home."

For the details on how Hollywood is prepping for Oscar night, including Elton John's 16th Annual star-studded AIDS Foundation post-Oscar party, click here!