Woodstock 50 Moves Forward With Festival But Are Out $17.8M: Report
Everything going on with Woodstock 50 over the past few weeks, it seems like the festival is about to share a similar fate as Fyre Festival. Earlier there was a delay in the launch of ticket sales which was subsequently followed the festival’s investors claiming that it’s canceled. However, the Woodstock 50 founder combatted those claims by saying that it’s still going on but unfortunately, he’s out of $17.8M that was meant for the festival.
According to Pitchfork, a judge has ruled that Woodstock 50 can move forward after Dentsu Aegis, the festival’s investors, claimed that it was called off. The judge stated that Dentsu didn’t have the authorization to cancel the festival after pulling out their funds for the festival.
Despite the judge signaling that the festival can move forward, it was made clear that Woodstock 50 “has not met the high burden entitling it to a mandatory injunction” that would return the $17.8M they say was “pillaged“ by Dentsu upon announcing their departure.
Denstu previously stated that they didn’t want to be apart of Woodstock 50 anymore due to the lack of organization. The festival, which included performances from Jay-Z, Chance The Rapper, and Earl Sweatshirt, among others, sued Dentsu earlier this month on claims of sabotage and theft. Woodstock 50 accused the company of trying to persuade performers to drop out of the festival in order to land performances during the 2020 Olympics week.