Woodstock 50 Investors Allegedly Stole $17 Million From Festival Account

May 7, 2019
Woodstock Music Festival co-producer Micael Lang attends a celebration of the 40th Anniversary of Woodstock at the at Rock & Roll Hall of Fame Annex NYC on August 13, 2009

Photo by Michael Loccisano/Getty Images

The founder of Woodstock 50 is claiming that Japanese investors, Dentsu, illegally stole $17 million from the festival's back account--putting the event "in peril." “Initially I had some concerns about linking an organization like Dentsu to Woodstock,” Michael Lang wrote in a five-page note to the company made public on Monday. According to Rolling Stone, Lang alleges that Dentsu had "no legal right" to cancel the event, describing their actions as "neither a legal nor honorable way to do business."