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Katie Holmes & Tom Cruise Squash Boycott Rumor of Oscars

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Jan. 11 2011, Published 3:18 p.m. ET

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Despite an unflattering Saturday Night Live skit in which Anne Hathaway channeled Katie Holmes in a fictional Miley Cyrus Show, Katie and Tom Cruise are stating they aren't boycotting the Oscars because of the unflattering skit. They simply weren't planning on attending the awards ceremony anyway!

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To set the record straight, a representative for Tom told PopEater that it's "not true and made up." Turns out, prior to the skit the couple didn't have plans to attend the Oscars. So it's not a snub after all. They're just not that into the Oscars!

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When the Academy Awards airs on Feb. 27 at 8 p.m. on ABC, looks like we won't see Katie or Tom walk the red carpet. We will, however definitely see Anne there. She can't be a no-show. After all, she's co-hosting with James Franco!

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