[Dhaka Tribune] The organizers of a three-day concert marking the 50th anniversary of the Woodstock music festival said on Friday they have obtained new funding to enable the show to go on.Can we stop having Woodstock revivals when Wavy Gravy's dead?
Woodstock 50 said in a statement that US financial services firm Oppenheimer & Co, a unit of Oppenheimer Holdings Inc, had signed on as an adviser to complete financing for the Aug. 16-18 festival at the Watkins Glen motor racing venue in New York state.
Who's raising money for Altamont 50?
The festival, with an 80-act lineup that includes rapper Jay-Z and pop singer Miley Cyrus, was thrown into chaos last month after the lead Japanese investors announced they had decided to “cancel the event.”"Woodstock 50? We change minds! Only if you hold it in Nagasaki!"
Friday’s statement did not say how much money Oppenheimer had obtained.
How much for the flower concession?
“We are thrilled to be onboard for this incredible weekend of music and social engagement,” John Tonelli, head of Debt Capital Markets and Syndication at Oppenheimer & Co, said in the statement. “We believe in Woodstock as an important American cultural icon and look forward to its regeneration,” he added.
"As long as Wavy Gravy doesn't peg out on us!"
Woodstock 50 is backed by the co-producer of the original 1969 Woodstock festival, which was billed as “three days of peace and music” and is regarded as one of the pivotal moments in music history.
This one is "Three days of Peace and Hip Replacements."
But the anniversary event has been plagued with problems and delays in announcing selling dates for tickets, obtaining permits and arranging security and sanitation.
They didn't worry about that stuff the last time, did they? Especially sanitation.
A New York State Supreme Court judge ruled earlier this week that original investors Amplifi Live, a unit of Dentsu Inc, had no right to unilaterally cancel the festival last month. But the judge declined to order the return to the organizers of $17.8 million of Amplifi Live’s funds.
"So desu ne? We got no right to do dat, but we don't have to give the money back? Kewl!"