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"Watkins Glen International terminated the site license for Woodstock pursuant to provisions of the contract," a rep for the racetrack says. "As such, WGI will not be hosting the Woodstock 50 Festival"
Oppenheimer & Co. will now provide the festival's funding as organizers hustle to try and secure permits
"We have never lost faith," declare organizers as New York court rules in its favor but without granting organizers the money needed to proceed.
Woodstock LLC and Dentsu Aegis both make their case to a New York judge over control of the fate of the three-day 50th anniversary festival
Amplifi Live, a subsidiary of Dentsu Aegis, claims Woodstock 50 cofounder Michael Lang breached the contract between the festival and investor repeatedly, often misrepresenting himself
The organizers' war against former investor Dentsu is going to court next week in a last-ditch effort to save the beleaguered festival
Filing seeks to force financier Dentsu Aegis to hand over $17.8 million in funds
Michael Lang alleges that Japanese company Dentsu blocked ticket sales, advised talent to back out of lineup for potential slots in 2020 Summer Olympics
Events company also produces Bonnaroo and Outside Lands and their departure could be "catastrophic" for the festival, one source says
"Woodstock belongs to the people and it always will," Michael Lang writes. "We don’t give up and Woodstock 50 will take place and will be a blast!"
