Madonna, Demi Moore

Kevin Mazur/

Move over, Vanity Fair.

Madonna and Demi Moore are on their way to becoming the new queens of Oscar night.

I just got word that the two Hollywood sirens 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.

Madonna and Moore's guest list will again be invite-only. Hopefully, Moore and hubby Ashton Kutcher will convince Madonna to twitter from the party.

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

"I won't believe it's happened until it's happened," Saadiq told me the other day. "It's unbelievable."

Vanity Fair will return after taking a break last year because of the writers' strike. Editor-in-chief Graydon Carter and his crew have already said things will be scaled back from years past. Taking place for the first time at Jeff Klein's Sunset Tower hotel, Vanity Fair peeps insist it will be smaller and more intimate than in years past and will use recycled décor to help save money and the environment.

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