Prince: "I didn't know I was throwing an Oscar party!"

Prince: "I didn't know I was throwing an Oscar party!"

Singer Prince didn't know he was having an Oscar party -- until he read about it in the papers.

Prince was in the middle of band rehearsals when he saw a story that claimed he was throwing "the Oscar bash of the century."

Finally, the musician decided to host an Academy Awards bash after Marion Cotillard -- who won last year's Oscar for Bestt Actress for her portrayal of a French singer in La Vie en Rose -- called to RSVP to "the Purple Party."

Just not that Prince will host it, but he will also be allowing a film crew to record the whole event for release on his upcoming website, LotusFlow3r.com.

This party will take place after the awards ceremony this Sunday.