Festival organizers team with Oppenheimer & Co. to close Woodstock 50 financing
The Woodstock 50 team has joined forces with Oppenheimer & Co. as financial advisor to complete the financing for the festival following a legal victory last week, after it was ruled that original investor Dentsu Aegis Network had no right to cancel the three day anniversary festival. Event preparations will continue as planned as Oppenheimer joins the list of strong institutions producing the festival.
“We are thrilled to be on board for this incredible weekend of music and social engagement,” states John Tonelli, head of Debt Capital Markets & Syndication at Oppenheimer & Co. Inc. “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.”
Woodstock 50 Music and Arts Fair announced the official lineup of the three-day celebration, with more than 80 musical acts, a multitude of NGO participants and arts and crafts vendors from the local region, on March 19th at the Electric Lady Studios in New York. Taking place on its 50th anniversary weekend, August 16th-18th at the Watkins Glen International venue in Upstate New York, Woodstock 50 has positioned itself as the most iconic music festival in American history, bringing peace, love and music to a new generation of fans.
“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,” says Michael Lang, co-founder and producer of the 1969 and 2019 Woodstock festivals. “We look forward to putting on an incredible festival. 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.”
The ticket on sale date will be announced shortly. No word on which artists, if any, are still contractually obligated to Woodstock 50 or their original investor, Dentsu Aegis, who canceled the event last month following issues with obtaining permits and ticket on sales.
Author: Buddy Iahn
Buddy Iahn founded The Music Universe when he decided to juxtapose his love of web design and music. As a lifelong drummer, he decided to take a hiatus from playing music to report it. The website began as a fun project in 2013 to one of the top independent news sites.