Lang
Michael Lang (Andrew F. Kazmierski / Shutterstock.com)

Woodstock 50 Announces New Financial Partner

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LOS ANGELES (CelebrityAccess) — Organizers of the three-day Woodstock 50 festival announced on Friday that they have secured a new financial partner for the troubled music festival.

In a press statement on Friday, Woodstock 50 said that financial services and investment firm Oppenheimer & Co, a unit of Oppenheimer Holdings Inc, had agreed to serve as an advisor to complete financing to bring the festival to fruition.

“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.

Woodstock 50 Music and Arts Fair announced the official lineup of the three-day celebration, with more than 80 musical acts, a multitude of NGO participants and arts and crafts vendors from the local region, on March 19 at the Electric Lady Studios in New York.

Scheduled to take place on its 50th anniversary weekend, Aug. 16-18, at the Watkins Glen International venue in Upstate New York, Woodstock 50 has yet to announce an updated onsale date for tickets, after an earlier ticket sale was postponed.

“We’ve lined up artists who won’t just entertain, but will remind the world that music has the power to bring people together, to heal, to move us to action and to tell the stories of a generation,” said Michael Lang, co-founder, and producer of the 1969 and 2019 Woodstock festivals. “We look forward to putting on an incredible festival. Words cannot express how appreciative Woodstock 50, the artists, the fans and the community are to Oppenheimer for joining with us to make W50 a reality.”

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