Day 3: Michael Sheen, Diane Kruger attend Sleeping Beauty premiere

Day three and Extreme Cannes has kicked in, a poster in the Marche is advertising a 3D porn film called Sex and Zen: Extreme Ecstasy. . .

We go bouncing around the Cannes Marche, along the endless runways and past the endless stalls. The stalls are selling Space Milkshake, Delhi Safari, Pound of Flesh and a film about a band of bikini-clad kung-fu vixens who form a beach volleyball team. It transpires that the Cannes Marche is planned, very deliberately, like a casino or the Hotel California. You can check out any time you like but you can never leave the walkways lead us round in circles.

Come sundown its time to retire to a street corner bar for a drink. There are three of us at the table, frazzled and sweaty, sipping our wine and staring at the TV on the wall. The TV news show is being broadcast live from Cannes, from a makeshift studio down on the page. Perched on their stools, the grinning presenters keep linking out to clips from the films we have just seen, and highlights from the press conference we have just attended, and shots of the Cannes streets we have just walked to reach the bar that we are sitting in now. Perhaps the TV will show us the bar. None of us speak; there is nothing to say. We sip our wine and stare at the TV, waiting to see if it will show us the bar.

Written and directed by newcomer Julia Leigh and 'presented' by Jane Campion, Sleeping Beauty is about Lucy, a young University student who, to earn extra money for her tuition fees, is drawn into a mysterious hidden world of beauty and desire. For the film's premiere were director Julia Leigh, Emily Browning, producer Jessica Brentnall and Rachael Blake. Rachel McAdams and Michael Sheen also attended, as did Diane Kruger and Joshua Jackson.

We Need To Talk About Kevin went down very well after it's early morning press screening, and the day ended with the film's premiere. Tilda Swinton has been universally praised for her performance and there are already whispers of her picking up this year's award for Best Actress. She joined the cast, including John C. Reilly and Ezra Miller, at the Palais des Festivals for their premiere. The American Ezra Miller (18 years) promises to be one of the revelations of the festival. His interpretation of the adolescent and brutal murderer of We Need to Talk About Kevin, has impressed the audience at Cannes ... Like his ease on the red carpet!

The premieres weren't quite as bright on Day 3 at Cannes, but Harvey Weinstein made sure that things stayed interesting: The ex-Miramax mogul held a VIP event to celebrate I Don't Know How She Does It, hosted by the comedy star, Sarah Jessica Parker. Parker arrived for the occasion in Spring '11 Dolce & Gabbana, a collection that's had a strong showing on the Riviera this season. (Uma Thurman wore a similar dress by the label to a photo call earlier this week; Carine Roitfeld wore one to the Chanel Cruise show in Antibes). And despite over-accessorizing by perhaps a pearl necklace or two, SJP did Dolce right.

Over - as in over the top- is also the word for Fan Bingbing, the fashion-plate Chinese actress who made a big splash at the premiere of Poliss. Bingbing is rarely less than daring in her red-carpet picks, but the ruffled, baroque bustier gown she trotted out matches anything on the big screen for drama.

Watch this space for more coverage on The Cannes International Film Festival 2011

Shawn Arranha is Bollywood filmmaker who directed 2010 thriller 'Hide & Seek'. Currently, working on his next film, Shawn is attending Cannes Film Festival this year and reporting the hot happenings at the event exclusively for Bollywood Hungama.