OK ... how did Woodstock 50 get so ahead of itself ... 

 

The on again // off again saga with the Woodstock 50 continues.

 

News broke that Dentsu - the fest's financial backers - have backed out, which they assumed would cancel the festival  ... after they already paid $30 million to the festival  headliners including Jay-Z, Dead & Company, The Killers, Imagine Dragons, Miley Cyrus and Chance the Rapper.

 

Cue Woodstock co-founder Michael Lang and his 'hold my beer moment'  ... holding a media blitz he claims he will need to raise the additional $30 million needed to stage the three-day concert, Aug. 16-18, at Watkins Glen International speedway, 150 miles east of the original 1969 festival site. 

 

To further complicate things - event producer Superfly has also backed out of the festival - which was immediately followed by Lang saying  Dan Berkowitz and his firm CID Entertainment would replace them as producers.

 

So basically it is crystal clear that nothing is clear about Woodstock 50 ... I guess the only thing they have going got them is that no one has purchased tickets to the show yet