The Future of Woodstock 50 Becomes Uncertain After Investors Back Out

Photo by Warner Bros/Kobal/REX/Shutterstock (5884678b)

Woodstock Festival was supposed to celebrate its 50th anniversary this summer, but the future of the highly-anticipated event is on rocky grounds. The main investor has pulled out of the festival, but its organizers claim they’ll make it work.

Woodstock 50 has been plagued by complications from the get-go, and rumors of its cancellation have been circling around for a while. It seemed like things became official after their financial partner Dentsu Aegis Network called it quits.

“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,” read an official statement published by Billboard.

The list of performers included the likes of The Killers, Imagine Dragons and Jay-Z, and fans of the festival were heartbroken after news of its cancellation made the headlines. Woodstock bosses, however, claim that the 50th anniversary is still on, and they’re doing everything in their power to make it work.

“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 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.”

We’re yet to see how this story ends, but we’re hoping for a happy ending. Inaugural Woodstock took place in 1969 and changed the course of music history, and it deserves an amazing 50th anniversary, worthy of its rich legacy.