HOLLYWOOD, Calif. — With Vanity Fair's annual Oscar party going by the wayside, Madonna and Demi Moore are teaming up to give A-listers a new party place.
The two stars, along with Madonna's manager Guy Oseary, will host a post-Oscars bash Sunday night. Only a few hundred people are on the guest-list for the last-minute organized party — nearly all of them stars, Variety reports.
"Everybody's on [the guest list]," a source tells Variety. "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."
The location for the soiree has not been revealed, but a source tells People.com that it will take place at Oseary's home.
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