Woodstock 50 Reportedly Gets New Financial Backing

Woodstock 50 might still have a chance after all.

According to TMZ, Oppenheimer & Co. are helping to secure funding for the troubled festival.

The festival’s original backers, Dentsu Aegis, pulled out last month and publicly released a statement announcing the cancellation of the event. However, co-founder Michael Lang was quick to extinguish the cancellation rumors, insisting that the show would continue if they could find new financiers.

Earlier this week, a judge ruled that Dentsu Aegis had no right to cancel the festival, but also ruled that Dentsu could retain the $17.8 million they removed from the festival’s account.

Read the full story on Loudwire.

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