NEW YORK (1010 WINS) -- The Woodstock 50 festival, slated for Aug. 16-18 in upstate New York, has been cancelled, because organizers cannot produce an event "worthy of the Woodstock Brand name while also ensuring the health and safety of the artists, partners and attendees."
Dentsu Aegis Network said told Billboard in a statement, "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."
The statement continued, "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."
Last week sale of tickets for the festival has been put on hold.
The festival released a statement Thursday, saying: "Woodstock 50 has delayed its on sale while we refine logistical plans."
The statement adds, "Ticket on sale information will be available through Woodstock.com in the coming days."
Jay-Z, Dead & Company and the Killers were announced as headliners of Woodstock 50, commemorating the groundbreaking Woodstock festival.