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Woodstock 50 Promoter Claims Former Funders Drained $17 Million From Festival

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Acrimony continues to grow between the promoters and the former investors of Woodstock 50. Whether the music festival, planned for this summer to
Acrimony continues to grow between the promoters and the former investors of Woodstock 50. Whether the music festival, planned for this summer to commemorate the 50th anniversary of the original Woodstock, will even happen remains in question — but in the meantime, the event’s main showrunner has lobbed serious claims against his onetime financial partners.
On Monday, Michael Lang, one of the organizers of the original 1969 festival and the leading promoter behind Woodstock 50, accused the Dentsu Aegis Network, the company that had been planning to fund the 2019 edition, of draining $17 million from the festival’s bank account. He also accused Dentsu of trying to coax artists who had agreed to play Woodstock 50 to cancel their engagements.
The festival lineup announced in March ranges from legacy artists Santana, David Crosby and John Fogerty to current stars including Jay-Z, Chance the Rapper and Miley Cyrus. Woodstock 50 is scheduled to take place Aug. 14-16 at a racetrack in Watkins Glen, N.

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