Judge Allows Woodstock 50 to Proceed As Planned

May 16, 2019
Woodstock

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A judge has decided that Woodstock 50 will proceed as planned after its main investor backed out. Consequence of Sound reports that a judge in New York Supreme Court ruled on Wednesday that Woodstock’s chief financial backer, Dentsu Aegis Network, does not have the right to unilaterally cancel the festival. In his ruling, Judge Barry R. Ostrager said Denstu does not have to return the $17.8 million dollars it withdrew from the festival’s shared bank account prior to announcing its cancelation. As such, festival organizer Michael Lang will have to raise the $30 million to host the event. He also still needs to sort out the complicated web of artists contracts, capacity issues, land permits, and ticket pricing that led Dentsu to pull out originally. Woodstock 50 is set to take place August 16-18 in Watkins Glen, New York. The previously-announced lineup includes JAY-Z, Miley Cyrus, Chance the Rapper, and Imagine Dragons. 

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