Madonna and James Franco's rival Oscars parties

Madonna and James Franco will host rival post-Oscars parties this Sunday (27.02.11).

The 'Celebration' singer is planning to host an event after the official post-Academy Award Governors' Ball and Vanity Fair magazine's Oscars party, but faces competition from host James Franco - who is hosting and also nominated for the Best Actor at the event.

While Madonna, 52, boasts A-list DJs Paul Oakenfold and Zen Freeman, as well as a royal theme - in anticipation of the success of 'The King's Speech', nominated for 12 awards - at her marquee, the party is reportedly being snubbed by many for '127 Hours' star James' more "cool" gathering.

An insider explained to the Daily Mail newspaper: "Franco's so beyond cool that a lot of people who would have scooted up to Madonna's will more than likely do the Governors Ball, Vanity Fair and then James's bash, because they're all quite close."

Traditionally winners, nominees and presenters go from the Governors' Ball at Los Angeles' Kodak Centre to Vanity Fair's bash at Sunset Towers before heading on to after parties.