Earlier this month, a letter that Woodstock 50 co-founder Michael Lang despatched to Dentsu Aegis, the previous Woodstock 50 investor, was revealed, and in it, he wrote that Amplifi Reside, an funding arm of Dentsu Aegis, “illegally swept approximately $17 million from the festival bank account, leaving [Woodstock 50] in peril.” He additional alleged that Dentsu Aegis had no proper to announce the pageant’s cancelation, and the matter was delivered to courtroom. Now it has been introduced that a judge ruled in Lang’s favor, saying that Dentsu Aegis was within the flawed by way of saying the fest’s cancelation. Nonetheless, the previous investor will not be obligated to return the $17.eight million.
Woodstock organizer Gregory Peck mentioned in an announcement, “Woodstock 50 is on. We can’t wait to bring this important event to the public this summer. We have one of the greatest lineups of talent of any music festival, and we are grateful to all of the talent for their loyalty and support.”
Woodstock co-founder Michael Lang additionally mentioned, “We have always relied on the truth and have never lost faith that the Festival would take place. I would like to thank all of the talent and their representatives for their patience and support. Woodstock 50 will be an amazing and inspiring festival experience.”
Following the ruling, the Woodstock Twitter account tweeted, “Judge rules Woodstock 50 Festival may go ahead as planned ! Dentsu Aegis had no right to cancel the Festival. Michael Lang thanked all the Artists and representatives for their support and looks forward to an amazing and inspiring Festival in August.”
There’s nonetheless a protracted strategy to go for the pageant, it appears. It doesn’t seem that Woodstock 50 has lined up new buyers, and artists like John Mayer aren’t sure in the event that they’re really taking part in the fest.