Last week, the primary financial partner of Woodstock 50, Dentsu-Aegis, pulled out of the festival. This has led to a series of rumors that the event will not be going ahead.
Following the company’s decision, they made a statement in which they claimed that they do not “believe the production of the festival can be executed as an event worthy of the Woodstock brand name.”
In spite of the bad news, organizer Michael Lang has released a statement that promises the festival will go ahead regardless.
He wrote: “Yesterday, our financial partner, Dentsu-Aegis, made the decision to pull out and informed us that they were canceling the festival at the same time they let the press release go public. We have yet to understand why they would try to prevent the festival from happening by seemingly undermining us in this way. It is one thing to decide for oneself that it is best to move on, but it is entirely another thing to try and close the door on us.”
He concluded: “Woodstock never belonged to Dentsu, so they don’t have a right to cancel it. “Woodstock belongs to the people and it always will. We don’t give up and Woodstock 50 will take place and will be a blast!”
Could another Fyre Festival be on our hands? Probably not but time will tell.