Has Woodstock 50 Has Been Canceled Due to Production Concerns?

Woodstock 50, the star-studded festival announced last month to mark the semi-centennial of the generation-defining 1969 musical gathering, has reportedly been canceled.

Dentsu Aegis Network, who were financing the festival, cited production concerns in a statement to Billboard, and fears that the site at Watkins Glen International in upstate New York would not be ready to safely accommodate the 100,000 expected to attend between Friday, Aug. 16 and Sunday, Aug. 18.

“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,” the statement began. “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.”

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The statement continues: “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.”

However, according to Ben Sisario of the New York Times, the original festival organizer Michael Lang denies that the event is canceled.

Headliners were to include Miley Cyrus, JAY-Z, the Killers, the Black Keys and Chance the Rapper, as well as Woodstock ’69 veterans Santana and Grateful Dead offshoot Dead & Company featuring John Mayer. Tickets had not yet gone on sale for the event — on April 19 it was announced that ticket sales would be postponed.

Representatives for Dentsu Aegis Network, as well as Lang, have yet to respond to PEOPLE’s request for comment.

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Ironically, the 1969 incarnation of Woodstock was filled with logistical headaches that nearly doomed the event before it began. Just a month before the show was due to take place, town officials barred the festival from its original site in Wallkill, New York, leaving Lang and his organizers scrambling to find a suitable replacement.

Dairy farmer Max Yasgur’s allowed his dairy farm in nearby Bethel to serve as the new site, but the venue change left little time for construction. Without the resources to construct both a stage and a fence, the producers declared Woodstock a free festival.