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Tom & Katie Skipping Out on Oscars?

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Feb. 17 2009, Published 11:59 a.m. ET

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Perhaps it's because Valkyrie was a box-office dud or because Mad Money was an even bigger disappointment, but it looks like this year's Academy Awards ceremony will be TomKat free.

According to a source close to <a href="https://okmagazine.com/search/cruise" target="_blank"><strong>Tom Cruise</strong></a> and <a href="https://okmagazine.com/search/holmes" target="_blank"><strong>Katie Holmes</strong></a>, the Hollywood power couple had been planning on attending the Feb. 22 festivities, despite neither of them getting any love from the Academy.

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But then in the last couple days "plans changed," says the source adding that it's all a bit of a mystery as to why, since both Tom and Katie are still planning on being in town for the weekend.

<a href="http://www.okmagazine.com/pixandvids/gallery/9451/" target="_blank"><img src="https://farm4.static.flickr.com/3495/3254188086_9a1a40b61d_o.jpg" width="426" height="71" alt="katie2" /></a>

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