Woodstock 50 has been reportedly canceled, according to Billboard.
Officials with Dentsu Aegis Network, which is funding the festival, released the following statement to Billboard Monday:
“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. 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.”
This comes after Woodstock representatives cited concerns about the capacity of the festival, site readiness and permit issues led to the seemingly sudden cancellation of the commemorative event.
Billboard says more than $30 million has already been spent on the festival lineup, a source with knowledge of the proposal tells Billboard and most artists have already been paid