Sharon Stone didn't host the World Music Awards because she wasn't paid. The actress pulled out of hosting last week's ceremony in Monte Carlo just a few hours before she was due to take to the stage as her pay cheque for the event failed to arrive. A source said: "[Sharon arrived for the show] but when she didn't get paid, she got on her tender back to a yacht she was staying on." A spokesperson for the 56-year-old actress confirmed the report to be "true and correct". Meanwhile, World Music Awards organisers claim Sharon rejected their preferred form of payment. They said: "She was getting paid, but she didn't accept the form of payment we wanted to give her. "One of our private board members was going to pay her -- Sharon didn't want a personal cheque." 'Baywatch' star Pamela Anderson stepped in at the last minute to front the glitzy ceremony. Speaking on the red carpet before the event, she said: "Sharon Stone has pulled out last minute and I've just been asked to stand in, its crazy. They've just asked me to read through the script right now, just as I arrived.”