Woodstock’s 50-year anniversary festival this summer has been canceled.
The festival has been canceled over apparent production issues and lack of funding. Dentsu Aegis Network, which is funding the festival gave the following statement 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."
They continue, confirming the festival will be canceled. “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, the festival had been searching for some extra funding, reaching out to Live Nation and AEG for an extra $20 million investment, but both declined.
There have been issues with the festival for the past few months. The Black Keys canceled over a “scheduling conflict” and there were reports that some artists were paid a few days late. Then this past week, tickets did not go on sale on the announced date because organizers hadn’t secured the proper permits.
The festival was scheduled to have artists like Miley Cyrus, Jay-Z, Santana, The Killers, Dead & Company and Chance The Rapper perform.
UPDATE: Festival organizers now dispute that the festival is being canceled, despite their financial backers saying so.
"Woodstock 50 vehemently denies the festival's cancellation and legal remedy will (be) sought," a statement from Woodstock 50 said via USA Today.