Hollywood sighed with relief when the Writer's Strike ended… just in time for the Oscars!
The show will go on, but as we previously reported, Vanity Fair's big daddy of all Oscar parties will NOT.
The strike also resulted in other casualties: the People magazine party and the bash that 'young' Hollywood always looks forward to, the late night soiree of uber-manager Rick Yorn and super agent Patrick Whitesell have also been cancelled.
Outside of the Governor's Ball, the no-brainer first stop of the Oscar night party circuit, what's a celeb to do?
Well, her Madgesty has stepped up to the plate and put together a 'last minute' party with the help of her manager, Guy Oseary, and pal Demi Moore.
The party will reportedly take place in the Westside hills (we're guessing Brentwood?). A few hundred people have been invited. Someone who's seen the guest list said, "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."
Hope Madge and Demi will have all the servers screened for the hepatitis A virus!
It's also been reported that Prince is hosting an Oscar's bash at his new Benedict Canyon home. According to a source, the RSVP list supposedly includes, "Kate and Tom, Will Smith, Salma and Penelope."
Thank goodness music's royalty is stepping up in this time of need!
[Image via WENN]