According to residents, a meeting between Woodstock 50 organizers and locals scheduled for April 30 has been canceled.
The town hall was one of several planned by the organizers to communicate with residents regarding planning for the festival.
Woodstock co-founder Michael Lang was scheduled to attend the meeting, and he insists that the show will go on.
Dentsu Aegis Network, who reportedly invested tens of millions of dollars into the festival, withdrew their funding and can
According to Billboard, the financial backers of Woodstock 50 made a “last-ditch effort” to save the event.
AEG and Live Nation were both contacted to invest $20 million, but both passed on the opportunity.
The lack of financial support caused the festival’s main backer Amplifi Live, which is owned by Japanese media firm Dentsu, to pull out of the event completely.