Woodstock 50 Financiers Pull Out Of Event: Organizers Assure The Festival Will Not Be Cancelled

Woodstock 50 has hit a snag.

According to Billboard, officials with Dentsu Aegis Network, who were funding the festival, released a statement to say it had been a “difficult” decision to no longer be a part of the day but they believed it was best this way for all parties involved.

The statement read, “It’s a dream for agencies to work with iconic brands and to be associated with meaningful movements. We have a strong history of producing experiences that bring people together around common interests and causes which is why we chose to be a part of the Woodstock 50th Anniversary Festival.”

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“But despite our tremendous investment of time, effort and commitment, we don’t believe the production of the festival can be executed as an event worthy of the Woodstock Brand name while also ensuring the health and safety of the artists, partners and attendees.”

The message continued, “As a result and after careful consideration, Dentsu Aegis Network’s Amplifi Live, a partner of Woodstock 50, has decided to cancel the festival. As difficult as it is, we believe this is the most prudent decision for all parties involved.”

Woodstock 50 LLC released a new statement on Monday, assuring the festival has not been cancelled. “We are committed to ensuring that the 50th Anniversary of Woodstock is marked with a festival deserving of its iconic name and place in American history and culture,” the statement reads.

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“Although our financial partner is withdrawing, we will, of course, be continuing with the planning of the festival and intend to bring on new partners,” the statement continued. “The bottom line is, there is going to be a Woodstock 50th Anniversary Festival, as there must be, and it’s going to be a blast.”

The music festival was previously set to take place in Watkins Glen, New York during the weekend of Aug. 16–18.

The lineup is expected to include Jay-Z, Chance the Rapper, The Killers and Miley Cyrus.

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