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Woodstock co-founder Michael Lang responded that the 50th anniversary edition of the famous festival will go on, despite Dentsu's withdrawal.

\"We are committed to ensuring that the 50th Anniversary of Woodstock is marked with a festival deserving of its iconic name and place in American history and culture,\" the statement read. \"Although our financial partner is withdrawing, we will of course be continuing with the planning of the festival and intend to bring on new partners. We would like to acknowledge the State of New York and Schuyler County for all of their hard work and support. The bottom line is, there is going to be a Woodstock 50th Anniversary Festival, as there must be, and it's going to be a blast.”

pic.twitter.com/N4qVAMZ0Mp

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

Woodstock 50 remains scheduled for August 16-18 in Watkins Glen, New York, about 140 miles from the original Woodstock festival site in Bethel, New York. Jay-Z, Miley Cyrus, Halsey and many more are signed on to perform.

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