Former Woodstock 50 Financier Accuses Organizers Of Incompetence

Former Woodstock 50 financier Dentsu has hit back at festival founder Michael Lang, accusing him of “misrepresentations, incompetence, and contractual breaches.”More »

By wpengine on May 15, 2019

Former Woodstock 50 financier Dentsu has hit back at festival founder Michael Lang, accusing him of “misrepresentations, incompetence, and contractual breaches.” “Woodstock 50 LLC’s and Michael Lang’s misrepresentations, incompetence, and contractual breaches have made it impossible to produce a high-quality event that is safe and secure for concertgoers, artists, and staff,” Dentsu’s attorney Marc Greenwald wrote in a court document. “The production company has quit, no permits have been issued, necessary roadwork has not begun, and there is no prospect for sufficient financing,” he added. “As much as the parties might wish it otherwise, the festival contemplated by their agreement cannot happen and allowing it to go forward would only put the public at risk.” Last week, Woodstock 50 attorney Marc Kasowitz filed an injunction requesting the return of approximately $17 million from Dentsu and its investment arm Amplifi Live, which they claim the financiers cleared from a bank account it shared with Woodstock 50. On April 29, Dentsu announced it was canceling the festival, because it doesn’t “believe the production…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.” Meanwhile, the festival organizers continue to affirm that Woodstock 50 remains scheduled for August 16-18 at Watkins Glen, New York, about 140 miles from the original Woodstock festival site in Bethel, New York. The lineup includes headliners such as Jay-Z, Chance the Rapper, Imagine Dragons, The Killers, Miley Cyrus and Santana, among others. Copyright(c) 2019 RTTNews.com. All Rights ReservedLess «