UPDATE (10:00 P.M.)
Marc Kasowitz, partner, Kasowitz Benson Torres LLP, released this statement Thursday in response to Dentsu’s comments to the media following the New York Supreme Court order Wednesday:
“In its public statements, Dentsu has shown utter contempt for the Court’s decision and continues to show utter contempt for the Woodstock 50 Festival. The Court unambiguously ruled that Dentsu had no right to try to assert control over the Festival in Dentsu’s efforts to cancel it. Indeed, Dentsu and its affiliated companies are explicitly enjoined from suggesting that there has been a cancellation or interfering with any of the Festival stakeholders. Nevertheless, Dentsu has decided to disregard the Court’s clear directive and suggest that it still has the right to kill the Festival. Dentsu is dead wrong and Woodstock 50 is proceeding as planned.’’
Woodstock 50 co-founder Michael Lang says that tickets for the anniversary event are expected to go on sale within the next week to 10 days.
Lang and principal partner Gregory Peck told Q104.3 New York’s Jim Kerr Rock and Roll Morning Show that the event will go on after a court ruled that former financier Dentsu Aegis could not unilaterally cancel the festival.
Lang added that a new production company has come aboard, but he can not yet announce which company that is.
Peck issued the following statement Thursday afternoon:
“Now that Woodstock 50 has won in court and there is no question that the festival is proceeding because Dentsu did not have a right to cancel, we can close our financing, which we are doing. Our financing could not close with any cloud or question about whether Dentsu could cancel the festival. That cloud is now gone because of the court order.”
After Superfly pulled out as the lead production company, CID is believed to have stepped up their role in the production of the festival.
Schuyler County manager Tim O’Hearn tells 18 News that the county still welcomes the festival and that the permit application is still open.
Listen to Lang’s full interview from iHeart Radio.
Woodstock 50 is scheduled to take place August 16-18 at Watkins Glen International.