Woodstock 50 Settles Lawsuit With Financier Over Canceled Festival

Woodstock 50 Settles Lawsuit With Financier Over Canceled Festival
The organizers of the canceled Woodstock 50 have reached a settlement with the festival’s financier following a legal battle stemming from the financier’s decision to withdraw funding just months before the 50th anniversary event.

Billboard reports that an arbitration panel ruled three months ago that Dentsu Aegis, the Japanese advertising and marketing company that was set to finance the festival, breached its contract with Woodstock 50 when it withdrew $18 million from the festival funds without notice. The two sides reached an agreement soon after where Dentsu would pay an unspecified
See full article at Rolling Stone »

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