Woodstock 50 Can Go On, But Without Original Funds

Whether the 50th anniversary concert of the Woodstock music festival will go on is still up in the air. However, what is more certain is that Dentsu Aegis does not have to finance it.

Supreme Court Judge Barry R. Ostrager ruled Wednesday that Denstu Aegis does not have to return the $17.8 million it took out from an account for the festival when it tried to cancel the concert in April, the Poughkeepsie Journal said.

Ostrager said his decision would expire in a month if the two sides — the Woodstock 50 team and Dentsu Aegis — do not begin arbitration.

Michael Lang, Woodstock 50's organizer, said he felt vindicated by the judge's ruling.

He said he never lost faith that the festival would go on as planned, WBNG.com said.

SEE ALSO:

Woodstock 50 Festival Canceled — Maybe

Woodstock 50 Festival Ticket Sales Postponed

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