Woodstock 50 venue, producer drop out of event

Courtesy of Woodstock 50More major problems have emerged for Woodstock 50, as the planned site of the event and the company producing it both announced Monday that they no longer will be involved in the festival.

Watkins Glen International speedway, the upstate New York site where the 50th anniversary Woodstock festival was set to take place this August, issued a statement Monday announcing that it has "terminated the site license for Woodstock pursuant to provisions of the contract.  As such, WGI will not be hosting the Woodstock 50 Festival."

In addition, CID Entertainment, the production company that "had been engaged to provide enhanced camping, travel packages and transportation for Woodstock 50," also has pulled out of the event.

A statement from CID's CEO, Dan Berkowitz, issued shortly after Watkins Glen International's announcement, reads, "Given developments, we can confirm that CID is no longer involved in Woodstock 50 in any capacity."

Meanwhile, Rolling Stone reports that Woodstock 50 principal Gregory Peck has released a statement announcing that festival organizers "are in discussions with another venue to host Woodstock 50 on August 16th-18th," and that they looked forward to revealing the new location when tickets finally go on sale "in the coming weeks."

A variety of issues have plagued Woodstock 50 since plans for the three-day festival were announced in March. In late April, the event's financial backer, Dentsu Inc.'s Amplifi Live subsidiary, announced it was pulling out of and canceling the festival. The event's original producer, Superfly, dropped out soon after.

However, Woodstock 50 organizers have continued to insist that the fest will go on as scheduled, and in May, a Manhattan court ruled that Amplifi Live didn't have the right to cancel it. Woodstock 50 also struck a deal in May with the Oppenheimer & Co. investment company to secure financing for the event.

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