Despite what investors say, Woodstock 50 organizers are denying that the festival has been canceled.

In the latest update in a bizarre series of events, Michael Lang, the festival’s promoter and co-founder of the original Woodstock, gave a statement to the New York Times saying, “They do not have the right to unilaterally cancel the festival.” Lang also confirmed that the entire line-up of performers has already been paid.

Dentsu Aegis Media had already released a statement saying they had decided to terminate the festival:

It’s a dream for agencies to work with iconic brands and to be associated with meaningful movements. We have a strong history of producing experiences that bring people together around common interests and causes which is why we chose to be a part of the Woodstock 50th Anniversary Festival.  But despite our tremendous investment of time, effort and commitment, we don’t believe the production of the festival 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.

As a result and after careful consideration, Dentsu Aegis Network’s Amplifi Live, a partner of Woodstock 50, has decided to cancel the festival.  As difficult as it is, we believe this is the most prudent decision for all parties involved.

Organizers of Woodstock 50 are insisting that legal action will be sought.