The 'Basic Instinct' actress has reportedly pulled out of the prestigious event this weekend, where she was supposed to be promoting her latest film 'Bobby'.

Stone's representatives have so far been vague about the reason behind the star's absence and only revealed she will be meeting the Buddhist spiritual leader in Los Angeles.

Her representative, Cindi Berger, said the 'Casino' star "never committed" to the festival and is "doing something with the Dalai Lama in Los Angeles" instead.

However, rumours are rife the Stone decided to pull out of the festival because organisers' refused to accommodate her diva-like demands.