\"We have a strong history of producing experiences that bring people together around common interests and causes which is why we chose to be a part of the Woodstock 50th Anniversary Festival,\" the statement from Dentsu continues. \"But 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.\"

\"PHOTO:
Tony Barson/FilmMagic via Getty Images, FILE
PHOTO: Miley Cyrus attends the 2019 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts, Feb. 24, 2019, in Beverly Hills, Calif.
>

\"As difficult as it is, we believe this is the most prudent decision for all parties involved,\" the statement closes.

pic.twitter.com/N4qVAMZ0Mp

— Miley Ray Cyrus (@MileyCyrus) March 19, 2019

But a representative for Woodstock 50 itself told USA Today and Gannett affiliate, the Poughkeepsie Journal, \"Woodstock 50 vehemently denies the festival's cancellation and legal remedy will (be) sought.\"

A request for further comment from Woodstock 50 was not immediately returned to ABC News.

According to the official website, tickets have not gone on sale yet for the three-day event in Watkins Glen, New York. Last week, The Associated Press reported ticket sales had gone on hold.

\"Woodstock 50 has delayed its on sale while we refine logistical plans,\" a statement to the AP said.

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