Oscars 2015: Inside Vanity Fair's Star-Studded Bash

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Leslie Mann and Judd Apatow

Top industry execs mingled with famous faces inside the party's new home in Beverly Hills.

The Vanity Fair Oscar party has found a new home in Beverly Hills. The locale is a glass-walled, Basil Walter-designed, 6500-square-foot glass walled structure that filled North Crescent Drive below Santa Monica Boulevard adjacent to the Wallis Annenberg Center. “We’re here for the next three years,” said editor Graydon Carter, “and I’m happy with it.”

Despite the openness of the space, it was still a packed room. “Brett Ratner just touched my crotch,” said MTV co-founder Tom Freston. “And you can use that.”

Considering the Oscars are about film, it was notable that the telecast’s music was what most moved the crowd. Judd Apatow calledLady Gaga “the biggest badass in the world.” Tim Allen said he was “unaware she had that kind of voice.”

What was mentioned most frequently was the performance of “Glory” from Selma that won best original song. “If there was an Oscar for best live performance, we’d have won that too," said Viacom CEO Philippe Dauman. His counterpart at Paramount, Brad Grey, added, “That song just so worked in that room.” Beyonce was the person who could arguably have had the most valid opinion on the music, but she said: “I didn’t watch the show.”

She and husband Jay Z spent part of the evening in a booth with Kelly Preston and John Travolta, who described the telecast as “a classy presentation — no one was offended.” Universal’s Donna Langley said she was surprised that a show with so many expected winners “was still quite tense.” On the fashion front, Tommy Hilfiger described the outfits as “some good, some bad. I’m not saying which” and singled out Rita Ora’s performance as a highlight.

NBC’s Bob Greenblatt said he’s satisfied with his network having the Golden Globes and said, “Neil Patrick Harris was amazing in a job that’s always thankless. And we have his next show.” Bob Iger, CEO of Disney, which owns ABC, said he was “thrilled” with his studio’s two animation wins.

Another happy guest was Fran Lebowitz, who won a $1,000 bet with Barry Diller, who believed Whiplash would take best picture. “He knows a girl in need,” she said of the easy win.

In general, there seemed to be more execs and fewer stars at the after-party. Perhaps they were drawn off by the Madonna/Guy Oseary party that starts late. One prominent guest was best actor winnerEddie Redmayne, who was standing with Working Title co-chairman Eric Fellner, who said, “I’m happy” and then pointed at Redmayne and added: “And he’s even happier.”

Birdman director Alejandro González Iñárritu arrived late with a contingent of fellow Mexicans that included a magician who did sleight-of-hand card tricks. Considering winning best picture and director is the night’s ultimate trick, it somehow seemed appropriate.