Anne Hathaway, Tom Cruise and Katie HolmesEXCLUSIVE UPDATE: Tom Cruise's people are slapping down a Daily Mail report alleging the 'War of the Worlds' actor and wife Katie Holmes are skipping the Oscars because the event is being co-hosted by Anne Hathaway. Why would someone boycott an event because of Anne Hathaway? A source told the Mail that Holmes was not amused by her peer's recent impression of her on 'Saturday Night Live.'

But as quickly as the story has spread, a spokesperson for Cruise tells PopEater that it is "not true and made up" and that the famous pair had no plans of attending the Oscars before Hathaway's somewhat unflattering skit.