Inside Madonna & Demi Moore's Oscar Party

After Sunday's Academy Awards, everyone flocked to Madonna's manager Guy Oseary's L.A. home for a bash hosted by the pop dvia and Demi Moore. There was dancing, a late-night Indian food and tons of A-Listers. Here's what happened inside the party:

• "Madonna danced non-stop for four hours,” says a source. "She and Gabourey [Sidibe] were dancing together at one point. They had a great time." Other stars on the dance floor: Moore, hubby Ashton Kutcher and Diddy, who commandeered the mic throughout the night. At one point, the music mogul stopped the music and said that unless Anderson Cooper started dancing, he wouldn't play any more music. Luckily, the CNN anchor quickly hit the dance floor!

• Renée Zellweger and Bradley Cooper were "adorable and super close all night," a source tells us, adding that the actress and her beau stayed at the bash past 4 a.m. The Hangover star, meanwhile, also hung out in the library, where Jack Nicholson was holding court with fellow revelers like Woody Harrelson and Kate Walsh.

• Penélope Cruz had quite a look at the party: The actress sported a faux-moustache, while Javier Bardem was wearing a feathered boa at the beginning of the party.

• There were 300 guests at the party, including Taylor Lautner, Lady Gaga, Jeremy Renner, Leonardo DiCaprio, Gerard Butler and more. Around 3 a.m., the source says, they served Indian food, which everyone was "inhaling." There was also a special drink, created for the party by Moore: the Vita Coco Caipirinha. (Moore and Madonna are investors in the company.) "Everyone was drinking it and they gave out versions of it to people on the way out," says the source. "This was the Oscar party to be at this year," says the source. "This turned out to be the party that everyone wanted to be at."

Movie Trailer: "Valentine's Day"

Check out the first trailer for Valentine’s Day, starring practically everyone in Hollywood!

Here’s some of what we get from the trailer of this ensemble comedy:

- Taylor Swift and Taylor Lautner play two members of a homecoming court
- Ashton Kutcher delivers flowers and proposes to Jessica Alba
- Topher Grace confuses Thanksgiving and V-Day
- Emma Roberts tries to plan sex
- Jennifer Garner and Jessica Biel participate in an anti-V-Day party
- Jennifer ends up spending the holiday with a kid who tries to buy flowers from Ashton

Confused? You'll have to wait until February to catch this film.

Ashton Kutcher Series The Beautiful Life Canceled

Executive Producer Ashton Kutcher’s new series was the first casualty of the new fall TV season with the cancellation of The Beautiful Life starring Mischa Barton after just two episodes. A total of six episodes had been filmed by a cast that included Corbin Bleu, Elle Macpherson and Sara Paxton.

The CW pulled the plug on the high-fashion modeling plot on Friday and production has ceased. The show had a great lead-in with America’s Next Top Model, but sixty percent of that audience bailed to another network rather than view the debut episode. Week two was even more dismal with less than 1 million views…presumably the crowd that follows Kutcher on Twitter. “Tweet” that Ashton!

Other shows that have gotten off to a rocky start and may be next on the chopping block include Parks and Recreation with Amy Poehler and the new Jenna Elfman sitcom Accidentally on Purpose.

Ashton Kutcher Is Proud of His 'Schwantz'

Actor Ashton Kutcher, who stars as a serial seducer of rich women in his latest movie Spread, is happy for any of his colleagues to see his appendage, but he did starve himself so his stomach would be flat for the film.

He said, "Once you do the first nude scene and the whole crew has seen your schwantz then you're fine."

"I didn't have to worry about dieting. Pretty much I generally take on whatever is the abusive diet of my character."

Ashton did not eat much in order to maintain a slim body.

He deliberately set out to find a part where he could play a rogue akin to Warren Beatty in Shampoo or Richard Gere in American Gigolo and sought out the former to ask his advice.

Ashton added: "I definitely look up to Warren Beatty as an actor. So I sat down with Warren two years ago and told him I appreciated his work in Shampoo and Bonnie and Clyde."

"We sat down for breakfast, and I told him I was actively looking for a movie like Shampoo. I told him I wanted to play a morally compromised charm artist. We talked about what he did in Shampoo and where that character came from for him on an energetic level."

Spread, which also stars Anne Heche, is released this month.

Demi Moore is Officially Changing Her Name

After four years of marriage Demi Moore is celebrating her anniversary with husband Ashton Kutcher by taking his last name.

Demi was born Demi Gene Guynes and is on her third marriage. From 1979-1985 she was married to Freddie Moore, 1987-2000 Bruce Willis, with whom she has three beautiful daughters, and then married Kutcher in 2005.

Demi got her stage name from her first husband and felt hesitant to switch it but a source close to Moore said that she finally feels like the time is right to become Demi Kutcher.

Ashton Kutcher Planning Broadway Run?

Hollywood actor Ashton Kutcher is reportedly in talks to make his stage debut on Broadway.

The Just Married star is said to be in final negotiations to secure a role in Neil Labute's Fat Pig, which is currently enjoying a successful run in London's West End.

Producers are reportedly keen to move the production, which debuted off-Broadway in 2004 with Jeremy Piven, back to New York with Kutcher in the lead role.

The star is "considering an offer" to join the play, according to the New York Post.

"Valentine's Day" Woos All-Star Cast

Roberts and Anne Hathaway are among the all-star cast lining up for the romantic comedy "Valentine's Day," to be directed by Garry Marshall.

Joining them in final negotiations to star in the movie are Jessica Alba, Jessica Biel, Jennifer Garner, Shirley MacLaine, Bradley Cooper and Ashton Kutcher.

The New Line film's five slightly interconnecting stories play out during a Valentine's Day in Los Angeles:

* Roberts is an army officer on leave from Iraq on a flight to Los Angeles. Cooper, on the same flight, is a gay man whose lover is a closeted football player.

* Kutcher is an owner of a flower shop who proposes to his girlfriend (Alba), only to realize he is in love with his close friend, played by Garner, who discovers her boyfriend is married.

* MacLaine plays Roberts' mother, a happy retiree who reveals to her husband a long-ago affair.

* Hathaway is an assistant working at the biggest talent agency in town and dating a mailroom assistant; Biel is a publicist unlucky in love who has no date on Valentine's Day.

Major roles still to be cast are the gay football player, MacLaine's husband, the mailroom worker, a talent agent and a young boy looking to give his crush some flowers.

Katherine Fugate wrote the initial draft, and the latest version of the script is by Abby Kohn and Marc Silverstein.

Star Sighting: No Punking Zone!

Not with all that Secret Service around, though Ashton Kutcher, getting formal with Demi Moore at the White House Correspondents' Dinner on Saturday night in Washington, mused on his Twitter page: "I'm trying to figure out why anyone would let me sit this close to the president".

Star Sighting: Ashton's Six Pack

A buff Ashton Kutcher gives everyone something to Twitter about, showing off his fit figure (check out those abs!) while continuing to shoot "Five Killers" with Katherine Heigl in Antibes, France on Saturday.

Ashton Kutcher Gets Waxed!

There was no shouting of "Ooooh, Kelly Clarkson!" like in "The 40-Year-Old Virgin," but pretty much everything else about Ashton Kutcher's chest-waxing video mimicked the hysterical movie scene.

Thanks to a freshly waxed stuntman playing Kutcher in "Five Killers," which is currently filming in France, the actor also had to bald it up for his new role in order to match his double.

In true Ashton style, he took a video camera along to document it for his fans. Check it out...

Star Sighting: Ashton Running in Miami's SoBe

He's having his Rocky moment!

Ashton Kutcher gets his pulse racing Friday as he jogs along Miami Beach's scenic Ocean Drive. The actor managed to stay connected at the same time, telling fans via Twitter, "Paparazzi got some sweet shots of me looking like I just got beat by Apollo Creed."

Demi & Ashton Spend Holidays With Bruce

So you think your Christmas is going to be dysfunctional? According to Page Six, Ashton Kutcher and Demi Moore plan to celebrate Christmas with Bruce Willis and his girlfriend, Emma Heming. Can we say awkward? The couples just returned from "an unconventional Thanksgiving" together in Europe, Moore said, but it looks like they're getting ready for round two.

Even though the families just spent Thanksgiving together in France to celebrate daughter Scout Willis' debut at Europe's most prestigious debutante ball, the Crillon Ball, they plan to reunite.

"We had an unconventional Thanksgiving, and we will all be together for Christmas as well with our three daughters. I think the key with any past is that you recognize and hold on to what you loved and what you gained and you don't attach yourself to what you've lost," Moore said.