Woodstock 50 Festival Cancelled! (Or Not?)

Confirming last week’s fears after the on sale ticket date was missed, the promoters of the planned Woodstock 50 festival in August have confirmed the event is cancelled.

The group funding the event, Dentsu Aegis Network, released the following statement today to Billboard:

“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. 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. 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. “

According to Billboard, over $30 million has already been spent on the event, primarily on talent.

[UPDATE]

The Woodstock 50 organizers (different from the party funding the event) has told the Poughkeepsie Journal that the event is not cancelled!