The fate of the summer’s most hyped festival remains unclear after Woodstock 50 investors announced their decision to pull funding for the summer music event — and cancel it.
More than 100,000 people were expected to attend the event scheduled to take place at the original site at the Watkins Glen International Speedway in New York from August 16-18th.
The investors, the Dentsu Aegis Network, reported site readiness, capacity, and permit issues as reasons for the cancellation.
In a statement sent to Billboard on April 29th, the Network explained that, “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.”
As a result, the statement continues, “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.”
According to the same Billboard report, more than $30 million had already been spent on the event, which includes payments to artists on the line-up. Whether those artists are still contractually required to perform remains to be seen.
Michael Lang, Woodstock co-founder, and promoter, told CNN that the Network’s decision to cancel the event undermines the festival’s organizers.
“It is one thing to decide for oneself that it is best to move on, but it is entirely another thing to try and close the door on us,” he asserted, adding, “Woodstock never belonged to Dentsu, so they don’t have a right to cancel it.”
Lang publicly expressed interest in finding the remaining funding needed to move forward with Woodstock 50. However, since Dentsu announced it would pull the plug on the festival, Woodstock organizers filed a suit in the New York Supreme Court on May 8.
According to Rolling Stone, Lang “[…] and other organizers requested an injunction that would, among other things, force Dentsu to hand over $17.8 million in disputed funds and continue work on the festival.” A hearing is scheduled to take place in New York on Monday, the site added.
The lineup was announced in early March and features headlining acts from both the Woodstock and modern eras.
The Killers, Jay-Z, Miley Cyrus, the Black Keys, and Halsey were just some of the artist set to perform alongside original Woodstock 1969 performers: John Fogerty, Santana, and Dead and Company.
Tickets for the three-day festival were set to go on sale on April 22. As of now, the Woodstock 50 official website reports that tickets will go on sale “soon.”
In the meantime, festival organizers remain hopeful: “Our intention holds firm. To deliver a world-class, once-in-a-lifetime festival to celebrate the 50th anniversary of Woodstock. To honor a cultural icon that changed the way we think about music and togetherness… and will do so again,” according to Woodstock.com.