Despite Dentsu pulling out the festival, Woodstock 50 can move forward.
Everything going on with Woodstock 50 over the past few weeks, it seems like the festival is about to share a similar fate as Fyre Festival. Earlier there was a delay in the launch ticket sales which was subsequently followed the festival’s investors claiming that it’s canceled. However, the Woodstock 50 founder combatted those claims by saying that it’s still going on but unfortunately, he’s out $17.8M that was meant for the festival.
According to Pitchfork, a judge has ruled that Woodstock 50 can move forward after Dentsu Aegis, the festival’s investors, claimed that it was called f. The judge stated that Dentsu didn’t have the authorization to cancel the festival after pulling out their funds for the festival.
Despite the judge signaling that the festival can move forward, it was made clear that Woodstock 50 “has not met the high burden entitling it to a mandatory injunction” that would return the $17.8M they say was “pillaged“ by Dentsu upon announcing their departure.
Denstu previously stated that they didn’t want to be apart Woodstock 50 anymore due to the lack organization. The festival, which included performances from Jay-Z, Chance The Rapper, and Earl Sweatshirt, among others, sued Dentsu earlier this month on claims sabotage and theft. Woodstock 50 accused the company trying to persuade performers to drop out the festival in order to land performances during the 2020 Olympics week.