With the Annual Vanity Fair Oscar Party cancelled, Demi Moore and Madonna are preparing to co-host a Hollywood party on Oscar night. Variety reports that the pair will hold the last minute affair Sunday night at a Westside Hills home with a few hundred people expected to attend.

“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 percent talent — not a lot of suits.”