EPeak Daily

Decide guidelines that Woodstock 50 can nonetheless go forward

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The plot thickens

Woodstock’s troubled 50th anniversary pageant may nonetheless go forward, after a decide in New York’s Supreme Courtroom dominated that the occasion’s chief financier doesn’t have the authority to cancel the occasion.

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The pageant’s chief monetary backer, Dentsu Aegis Community, made headlines final month after withdrawing its monetary dedication and asserting the “cancellation” of Woodstock 50.

However the anniversary may nonetheless go forward after the decide sided with promoter Michael Lang, who beforehand advised The New York Instances that Dentsu “don’t have the appropriate to unilaterally cancel the pageant.”

Nonetheless, it nonetheless stays to be seen whether or not the required funds will probably be secured for the occasion. In his ruling, Decide Barry R. Ostrager mentioned Densu is just not obliged to return the $17.eight million {dollars} it withdrew from the pageant’s shared checking account previous to asserting its cancelation.

Ostrager additionally claimed that Woodstock 50 “falls woefully in need of making the heightened displaying essential to warrant a compulsory injunction ordering [Dentsu] to return $17.eight million to the pageant checking account and to offer W50 with entry to the funds within the account.”

Now, Lang might want to discover a new funding supply with restricted time. He beforehand claimed he wanted to lift $30 million and set a provisional deadline for final Friday. It’s  presently unclear whether or not Lang has but secured the funds, though Dwell Nation and AEG have each turned down Lang’s approaches.

Jimi Hendrix carried out a now legendary set at Woodstock

Responding to the newest ruling, Lang remained assured that the pageant would nonetheless go forward.

“We have now at all times relied on the reality and have by no means misplaced religion that the Competition would happen,” Lang mentioned in a press release.

“I wish to thank the entire expertise and their representatives for his or her endurance and assist. Woodstock 50 will probably be an incredible and provoking pageant expertise.”

Competition organiser Gregory Peck added: “Woodstock 50 is on. We are able to’t wait to deliver this vital occasion to the general public this summer time. We have now one of many best lineups of expertise of any music pageant, and we’re grateful to the entire expertise for his or her loyalty and assist.”

There had been lingering doubts in regards to the pageant in latest weeks, with ticket gross sales being postponed and The Black Keys deciding to tug out of their slot. This line-up for this yr’s pageant options the likes of Jay-Z, The Killers, Miley Cyrus and Halsey. It is because of happen from August 16-18 in Watkins Glen, New York.

Earlier this week, a sprawling boxset that includes all 433 songs carried out on the authentic Woodstock Competition in 1969 was additionally introduced.

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