Madonna & Demi Are The New Queens Of Oscar Night

The two hot Hollywood moms will, as they did last year, cohost a party with Guy Oseary at Oseary's L.A.-area home after this year's awards ceremony on Feb. 22.

Among the guests at last year's soiree were Tom Cruise, Katie Holmes, Ellen DeGeneres, Portia de Rossi, Cameron Diaz, Orlando Bloom and even Sir Elton John and his husband, David Furnish, who made their way there after hosting their annual AIDS fundraiser.

Meanwhile, Sir Elton's 17th annual Oscar benefit for his AIDS foundation will feature a performance by Grammy nominee Raphael Saadiq.
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