After winning a partial court victory in their case against former financial backers Dentsu, organizers for the planned Woodstock 50 festival have announced they have found a new financial parter in New York’s Oppenheimer & Co., Rolling Stone reports.
Michael Lang, who helped found and organize the original Woodstock in 1969, had been working with his team to lock down new funding for the 50th anniversary celebration, set for this August in Watkins Glen, NY, and though Oppenheimer has not disclosed the amount invested, the partnership theoretically keeps the festival prospects alive, though it is certainly not a sure thing yet, as multiple permits from the state of New York are needed for Woodstock 50 to go on as planned—or to even sell tickets to the event.
“We look forward to putting on an incredible festival,” Lang said following the Oppenheimer announcement. “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 news comes after Lang and company claimed victory after a New York Supreme Court Judge ruled that Dentsu did not have the right to cancel Woodstock 50, though the judge also said that the festival’s organizers did not have the right to the nearly $18 million that they claimed was illegally taken from their bank account by Dentsu.
As of now, Woodstock 50 is still scheduled for Aug. 16–18 in Watkins Glen, NY, with an eclectic lineup of artists like Dead & Company, Santana, Jay-Z, Robert Plant, The Killers, Chance the Rapper, Brandi Carlile, Miley Cyrus, Gary Clark Jr., Sturgill Simpson, The Raconteurs and many more.
21 Comments comments associated with this post
Jamesdinct
May 21, 2019 at 12:19 amA smaller version will probably happen. At this point the legacy of Peace and Love probably won’t be the prevailing memory. I could see it being Santana as he seemed passionate about it, maybe just Bob Weir and whatever band he brings, Hot Tuna, and others, or something like that. Probably better if it’s smaller anyways.
David C Thompson
May 20, 2019 at 8:47 pmShady Investors.
https://www.huffpost.com/entry/the-oppenheimer-way_b_13145102
Hunter S Thompson
May 21, 2019 at 2:53 pmClearly Michael Lang is selling out in desperation to the modern equivalent of blood or mob money at this late date by bringing in Wall Street. They expect big returns. Where is Deb and the Wall Street Dead Ahead crowd to help out???
Occupy Shakedown St.
May 23, 2019 at 1:42 amYou realize that at a firm like Oppenheimer, the team responsible for investing in an event like W50 would probably never talk to a single retail broker, the ones analyzed in your posted study? The study you posted looks at their regional stock brokers… the guys any average Joe with $10k would call and ask for stock advice. I’m sure many of them are fraudulent and have been fired… it’s an industry being taken over by online platforms and AI. Anyway, a headline in the study reads, “Current BrokerCheck Information is Insufficient to Differentiate High Risk from Low Risk Brokers”. This is an academic paper with faulty info at its core.
Anyone saying oh this will suck because Wall Street is getting involved have zero idea what they are talking about. The special situations group at Oppenheimer wants the exact same thing Dentsu wanted… the best ROI (return on investment) they can get. Money is money kids. Once it goes to the production company, Oppenheimer will hopefully become a passive observer hoping for the best because they have zero expertise in putting on shows. They are simply investing in experts who have a track record of success making money from festivals.
Nigel S. Clayton
May 20, 2019 at 12:28 pmThis Is Part Of The Problem With Michael Lang..That Massive Ego.
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.”
Evidence Has Clearly Shown That WoodStock Has Always Been A Failed Shit Show. And Mr.Lang Believing That The Few Artists On The Horrible Bill Are Thankful For HIS New Investor….This Guy Deserves To Fail. He Needs To Be Humbled. And As For You Idiots That Buy V.I.P Tickets, You Are Part Of The Problem Too, What Makes YOU Such An Important Person? Oh…I Am White With A VISA.
Then There Is The Scent Of Hippy Racism In The Comments, The Fires, Rapes And Property Destruction Was Done By White Kids…Your Kids. You Know The Hippy Future. Your Jam Band Bull Is All Black Blues Based So….S.T.F.U!
Lilly White Hippy Types Are The Biggest Batch Of Fakes, No Better Than Trump And Co.
I’ve Thrown Better Hippy Based Shows With Just 2 Turntables, And I Got A Way Better Crowd Of Hippy Types. And The Irony Is That It Will Be Shit Rappers That Save WoodStock. This Is Great…Finally We Get To All See How FAKE, RACIST, GREEDY AND CORPORATE YOU OLD HIPPY CLOWNS REALLY ARE.
Oh…Peace And Blessings To COUNTRY JOE MACDONALD.
HE WAS ALWAYS A REAL REVOLUTIONARY HIPPY.
UNLIKE MANY OF YOU.
me
May 20, 2019 at 5:42 pmDamn, Nigel… if it’s really you posting your hate, then you are as much of the problem as those you bitch about. Who the fuck are you to ask who needs VIP? Get off your high horse and realize there are MANY reasons for needing/wanting that access and, yes, that includes those who just want to. What’s wrong with that? You ever go on vacation? Do you go where you like? Why can’t others do as you do… or is it that you are more important than the rest of us? I agree, it’s a joke of a show but as someone pointed out, I won’t be going. And get a clue… while, yes, blues is basically the foundation of just about any type of rock/pop music, the jam world brings MUCH more than simply a 4/4 beat. You sir, whether you are Nigel or just using his name, are just being a condescending douche-bag, so… as you say… STFU! And talk about the scent of racism, I’d have to say that is the kettle calling the pot white…
John Kauchick
May 20, 2019 at 12:00 pmI think it will end up being a smaller event. 50,000 max. That means they will not have all the artists listed. Probably negotiating who will remain. They are not going to be able to get permitted without somebody in W50 camp agreeing to reduced event. Oppenheimer surely laid this out to agree to financing. But, we are all still in the dark. Same secrecy, so that is not encouraging. Plus, Stones presale begins this week and into 31st. Will compete.
Brick
May 20, 2019 at 11:58 amBaghdad Bob has more credibility than Mike Lang at this point
Nate the Skate
May 20, 2019 at 8:52 amNo $happy money sadly. Comment was made during last week’s pat on the back “conference” how stupid it would be to plan an August event in May. No way is this going off as (poorly) planned.
Nate
May 19, 2019 at 9:34 am$hapiro is the new financier no? He could probably double his money and charge for VIP shows and private VIP tickets.
Locking + Woodstock = Big $hapiro $$$$$$
joanna gleason
May 20, 2019 at 12:03 pmthe $400 ticket prices are cheaper than any big festival. some of us need vip tickets. who is shapiro.
also vc capitol is expensive. some of want to and will go.
Bob Driscoll
May 20, 2019 at 3:53 pmNot sure Shapiro would want anything to do with that crappy lineup! I am just glad my dad took me 50 yrs ago. ✌❤
pieman211
May 19, 2019 at 8:39 amThey tried to re-do Woodstock with punk rockers and they started fires and fights. Haha now with rap and this idiot Miley. Watch out if you go.
Tenn Jed
May 17, 2019 at 10:08 pmWhat a miserable time this would be. Even if D &C were playing multiple times daily it still would not be worth it. Just some of the other acts on the bill are enough to make me drive in the other direction with the pedal to the floor. Plus weren’t the tics like $350 & up
In the long run, Most will be happy it didn’t take place.
Woodstock 50 Announces Partnership with New Financier - jambands.com
May 17, 2019 at 5:44 pm[…] Read Full Article On Original Source […]
Donald
May 20, 2019 at 4:14 pmWhat Joanna said.
Woodstock 50 Announces Partnership with New Financier – jambands.com – Presented by BriefGate.com | BriefGate
May 17, 2019 at 5:14 pm[…] Read More […]
joanna gleason
May 20, 2019 at 11:56 amhe will get the permits as all local will make a lot of money off Woodstock and they want it to happen. if is a free country and if you do not want to go fine but stop complaining
Woodstock 50 Announces Partnership with New Financier – jambands.com – yeoys.com
May 17, 2019 at 4:30 pm[…] Be taught Extra […]
Frank
May 18, 2019 at 7:54 amEven Wall Street money isn’t going to save this cluster of a fuck. Unless a young Miley Cyrus gets naked.
rizzo
May 17, 2019 at 3:46 pmStill no tickets on sale, did they even get a temp permit yet?
This ain’t happening.