Woodstock 50 Just Lost Its Venue

The festival lost its site because organizers failed to make a $150,000 payment
Woodstock 50 Just Lost Its Venue
Adding even more roadblocks to the already troubled Woodstock 50, the festival has now lost its venue.

According to multiple media reports, Watkins Glen International has officially pulled out of the festival.

A statement from Watkins Glen — the racetrack in New York that was set to host Woodstock 50 — reads:

Watkins Glen International terminated the site license for Woodstock pursuant to provisions of the contract. As such, WGI will not be hosting the Woodstock 50 Festival.

UPDATE (6/13, 5:30 p.m. EDT): According to new court filing obtained by Billboard, Woodstock 50 lost its festival site at Watkins Glen International because organizers failed to make a $150,000 USD payment that was due on May 15. The missed payment was the second half of the $300,000 licensing fee Woodstock 50 organizers had agreed to pay the NASCAR track to host the festival. As Billboard points out, that $150,000 payment was due the day after organizers lost a critical court battle on May 14, when a court ruled that former financier Dentsu did not have to return the $17.8 million to the festival's bank account.

UPDATE (6/11, 11:30 a.m. EDT): Woodstock 50 has now issued the following statement in regards to the venue's decision:  "We confirm that we will not be moving forward with Watkins Glen as a venue for Woodstock 50. We are in discussions with another venue to host Woodstock 50 on August 16-18 and look forward to sharing the new location when tickets go on sale in the coming weeks."

Of course, this follows a series of setbacks for Woodstock 50, which already lost its main financiers and had at one point been labelled as cancelled.

Despite all that, Woodstock 50 organizers have remained adamant that the show would go on, and recently the festival secured new investors.

Woodstock 50 is scheduled to run from August 16 to 18 — though no longer at Watkins Glen, NY. The festival lineup had previously announced the likes of JAY-Z, Chance the Rapper, the Raconteurs, Sturgill Simpson, the Killers, Santana, Run the Jewels, Margo Price and more.