Move over Elton John, there is a new power party in town. Demi Moore is once again hosting an Oscar bash with pal Madonna. The duo threw their first joint shindig last year at pal- and Kabbalah-ist- Guy O'Seary's home.

"Working on my Oscar party...should be a swinging night!" Moore promised on her Twitter page.

Last year, the celebration brought out the likes of Cameron Diaz, Orlando Bloom, Ellen Degeneres, and Portia de Rossi. That bash included a photo booth which Kate Hudson enjoyed and a dance floor which the Material Girl herself appropriately dominated.

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