The Woodstock 50 saga continues as the celebratory festival loses its venue after losing its financial backer and promoter over the past few months. Watkins Glen International has decided not to host the event and has rescinded their application for a mass gathering event.
“Watkins Glen International terminated the site license for Woodstock pursuant to provisions the contract,” the racetrack says in a statement “As such, WGI will not be hosting the Woodstock 50 Festival.”
Despite all the setbacks, organizers confirm they are still moving forward with the festival that’s a bit over two months away.
“We confirm that we will not be moving forward with Watkins Glen as a venue for Woodstock 50,” Woodstock 50 principal Gregory Peck says. “We are in discussions with another venue to host Woodstock 50 on Aug. 16-18 and look forward to sharing the new location when tickets go on sale in the coming weeks.”
Last month, the Woodstock 50 team joined forces with Oppenheimer & Co. as financial advisor to complete the financing for the festival following a legal victory, after it was ruled that original investor Dentsu Aegis Network had no right to cancel the three day anniversary festival. Dentsu canceled the event in April following issues with obtaining permits and ticket on sales.
Tickets have still yet to go on sale and the event is a bit over two months away. Representatives cite that none the proper permits have been attained for such a large public event.
Woodstock 50 Music and Arts Fair announced the ficial lineup the three-day celebration, with more than 80 musical acts, a multitude NGO participants and arts and crafts vendors from the local region, on March 19th at the Electric Lady Studios in New York. Taking place on its 50th anniversary weekend, August 16th-18th, Woodstock 50 has positioned itself as the most iconic music festival in American history, bringing peace, love and music to a new generation fans.
Organizers declare that all artists are contractually obligated to Woodstock 50 and not their original investor Dentsu Aegis.
More details as they become available.