After rumors following the delay of ticket sales, Woodstock 50 has been canceled.

Dentsu Aegis Network, one of the festival’s main investors, released the following statement to Billboard:

“It’s a dream for agencies to work with iconic brands and to be associated with meaningful movements. 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.  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. As a result and after careful consideration, Dentsu Aegis Network’s Amplifi Live, a partner of Woodstock 50, has decided to cancel the festival.  As difficult as it is, we believe this is the most prudent decision for all parties involved.”

Tickets for the festival were originally supposed to go on sale on April 22, but that date was pushed back because organizers didn’t secure a mass gathering permit from the New York State Department of Health for the Watkins Glen International Speedway, the site of the festival. At the time of the postponed ticket sales, Woodstock co-founder/Woodstock 50 organizer Michael Lang called early buzz of the festival’s cancelation “just more rumors.”

This story is developing…