Woodstock 50 appears to be on its way to becoming a reality.
Organizers for the 50th anniversary festival have announced in a statement that the Oppenheimer & Co. investment corporation “has signed on as a financial advisor to complete the financing” for the concert extravaganza.
The statement adds that “preparations [for the event] will continue as planned.” Woodstock 50 organizers promise that the on-sale date for tickets to the festival, scheduled to take place August 16-18 in Watkins Glen, New York, will be announced soon.
The news comes a couple of days after the Woodstock 50 team won a legal victory: A judge ruled that its former financial backer, Dentsu Inc.’s Amplifi Live subsidiary, didn’t have the right to cancel the festival, which it had attempted to do.
“We are thrilled to be onboard for this incredible weekend of music and social engagement,” says Oppenheimer & Co. executive John Tonelli.
“We believe in Woodstock as an important American cultural icon and look forward to its regeneration in the green fields of Watkins Glen this August with all of the artists on the remarkable lineup.”
Michael Lang, co-founder and producer of the 1969 and 2019 Woodstock festivals, notes, “We’ve lined up artists who won’t just entertain, but will remind the world that music has the power to bring people together, to heal, to move us to action and to tell the stories of a generation.”
He adds, “Words cannot express how appreciative Woodstock 50, the artists, the fans and the community are to Oppenheimer for joining with us to make W50 a reality.”
Visit Woodstock.com for more details about the event.
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