Cox, Arquette host Obama victory party

Rex Features

Courtney Cox and David Arquette hosted a Barack Obama victory party at their home in Beverly Hills on Tuesday night.

The pair welcomed friends including Jennifer Aniston, Sacha Baron Cohen and Isla Fisher to their house to watch the Illinois senator beat John McCain in the Presidential election.

"David was in such a good mood, he walked outside his gate and poured champagne for the paparazzi," a source told E!.

Black Eyed Peas singer Will.i.am recently revealed that he is to release new song 'It's A New Day' in celebration of Obama's victory.