James Franco reportedly skipped his own Oscar bash after being slammed for his badhosting skills. Franco had planned to throw an exclusive party at the Supper Club after the ceremony but instead left Los Angeles asap. Sources say the party ended up being a complete bust! Franco took to his twitter account to explain his absence, claiming he had to return to classes (he is studying at both Yale and New York University).

He wrote: "Goodbye L.A.. It was fun! Time to head back to class."

The Hollywood Reporter had slammed the star as seeming "distant" and "uninterested" in proceedings at the event at the Kodak Theatre last night. Writer Tim Franco said:

"Anne Hathaway at least tried to sing and dance and preen along to the goings on, but Franco seemed distant, uninterested and content to keep his Cheshire-cat-meets-smug smile on display throughout.

"What was the point, Academy? What did Franco bring to the table? His appearance played more like one of his performance art pieces than an actual attempt to be host.

"A bad and risky idea, letting two actors host, proved out in spectacularly unwatchable fashion on the biggest of all nights for the film world."

What did you think of James Franco as host? I would have to agree with the critics on this one, he didn't bring anything to the table!

Charlie Sheen's long-term publicist Stan Rosenfield confirmed to Us Weekly that he's no longer working for the troubled actor.

"I have worked with Charlie Sheen for a long time and I care about him very much," Rosenfield said. "However, at this time, I’m unable to work effectively as his publicist and have respectfully resigned."

A few other rants came earlier today when TMZ.com interviewed Sheen from the backyard of his L.A. mansion. Here are some highlights:

-Sheen, 45, suggested that Rosenfield had lied on his behalf when he issued a statement saying the actor had had an allergic reaction and that was why he ransacked a NYC hotel room back in October.

"I was asleep when that statement went out," the Two and Half Men star said. "I respect Stan, he was doing the best he could at the moment. Had I confirmed with him, I probably would have come up with something better."

-Sheen “hopes” his 5 kids ask him about all of the drug use one day … so he can fill them in on all of the “epic” stories.

-Sheen also explained that his father, Martin Sheen, should stop passing judgment, because Charlie’s a grown ass man ... and can make his own life choices.

Charlie also told a story about how he woke up in the middle of downtown L.A. by himself when he was 7 years old … and had to find his own way home.

I think it is time for Charlie to shut his mouth and seek help during his time off of work!

Reported by Us: Anne Hathaway was paid $750,000 to wear glitzy jewelry from Tiffany & Co. while hosting the Oscars on Sunday night.

Hathaway was not the only star to cash in.

Another source says that Gwyneth Paltrow made $500,000 to wear earrings, a brooch and ring from Louis Vuitton's "L'Ame du Voyage" collection!

Reps for Paltrow, Hathaway, Vuitton and Tiffany & Co. all say the claims are "incorrect."

What are your thoughts?

Kim Kardashian attended the 19th Annual Elton John AIDS Foundation's Oscar viewing party in Los Angeles on Sunday evening (February 27).

The E! reality star wore a J Mendel dress with Lorraine Schwartz jewels.

As usual Kim to to her Twitter account during the event to lend support to her mom, Kris Jenner:

"Good luck mom! RT @KeepinUpWKris About to go live on E! Countdown!! With @hollymadison happy Oscar Day twitterdolls!'

Justin Bieber and Selena Gomez walk the red carpet at the Vanity Fair Oscars Party held at the Sunset Tower Hotel on Sunday (February 27) in West Hollywood, Calif.

The rumored couple were holding hands as they arrived to walk the red carpet and stayed close to each other the entire evening.

Justin Timberlake arrived at the 2011 Academy Awards on Sunday (February 27) with his mother Lynn Harless.

The “Social Network” star looked handsome in a classic black tuxedo by Tom Ford.

When asked if Ford had any red carpet tips Justin said,

"He told me not to breathe air if I want to fit into this suit."

Justin Timberlake arrived at the 2011 Academy Awards on Sunday (February 27) with his mother Lynn Harless.

The “Social Network” star looked handsome in a classic black tuxedo by Tom Ford.

When asked if Ford had any red carpet tips Justin said,

"He told me not to breathe air if I want to fit into this suit."

Scarlett Johansson walked the 2011 Academy Awards red carpet with a mystery man that had everyone wondering?

The star's rep confirmed that her date was her agent Joe Machota and they have a platonic relationship.

Johansson divorced Ryan Reynolds last December has been linked to actor Sean Penn, 50.

During the Oscar ceremony, Johansson presented a Best Sound award onstage with Matthew McConnaughey.

The 2011 Academy Awards was hosted Anne Hathaway and James Fran at the Kodak Theatre in Los Angeles on Sunday night (February 27).

The complete list of 2011 Academy Awards winners is as follows:

Best Picture
"The King's Speech"

Actor in a Leading Role
Colin Firth in "The King's Speech"

Actor in a Supporting Role
Christian Bale in "The Fighter"

Actress in a Leading Role
Natalie Portman in "Black Swan"

Actress in a Supporting Role
Melissa Leo in "The Fighter"

Animated Feature Film
"Toy Story 3" Lee Unkrich

Art Direction
"Alice in Wonderland"

Cinematography
"Inception," Wally Pfister

Costume Design
"Alice in Wonderland," Colleen Atwood

Directing
"The King's Speech," Tom Hooper

Documentary (Feature)
"Inside Job," Charles Ferguson and Audrey Marrs

Documentary (Short Subject)
"Strangers No More"

Film Editing
"The Social Network"

Foreign Language Film
"In a Better World," Denmark

Makeup
"The Wolfman," Rick Baker and Dave Elsey

Music (Original Score)
"The Social Network," Trent Reznor and Atticus Ross

Music (Original Song)
"We Belong Together" from "Toy Story 3," Music and Lyric by Randy Newman

Short Film (Animated)
"The Lost Thing," Shaun Tan and Andrew Ruhemann

Short Film (Live Action)
"God of Love," Luke Matheny

Sound Editing
"Inception," Richard King

Sound Mixing
"Inception," Lora Hirschberg, Gary A. Rizzo and Ed Novick

Visual Effects
"Inception," Paul Franklin, Chris Corbould, Andrew Lockley and Peter Bebb

Writing (Adapted Screenplay)
"The Social Network," Screenplay by Aaron Sorkin

Writing (Original Screenplay)
"The King's Speech," Screenplay by David Seidler

Alyssa Milano, 38, and her husband Dave Bugliari, 32, are expecting their first child, Milano's rep confirms.

"They're just over the moon," says a friend "They are so excited."

Milano and Bugliari wed in August 2009.