Quantcast

WOODSTOCK UPDATE

While the latest legal decision means Woodstock 50 could happen (see story linked below), the hurdles are many, and very high. Much like the crowd at the original 1969 festival.

It would seem the artists' agencies have been paid their guarantees (totaling about $30m), so they would be obliged to appear should Woodstock actually take place—though oddsmakers aren't betting on that outcome. The remaining $18m withdrawn by former investor Dentsu Aegis was apparently intended for the other costs associated with putting on the fest. (Dentsu would be entitled to first dollar from any ticket sales going forward).

Danny Wimmer, retained by Woodstock's organizers to cut the deals with talent, did his job properly, insiders say, and his reputation will be undiminished by this episode.

Even if they manage to raise the requisite capital (via ticket sales or otherwise) and to resolve the many issues related to the venue, Michael Lang and team face a huge challenge trying to mount the festival in August. Could a more intimate version of the event be under consideration as they attempt to move forward? Did visions of another Fyre Festival cause the Dentsu folks to flee?

 

OUT IN THE OPEN: THE LONG JOURNEY TO NASHVILLE PRIDE
Music City Pride. (6/24a)
ACKMAN ON UMG: "THE PERFECT BUSINESS"
Hedge fund chief is a big fan of Sir Lucian. (6/24a)
JEFF HARLESTON:
IT'S A NEW WORLD, MOST DEF
Wit and wisdom from a renaissance man (6/22a)
PRINCE: THE TRUTH COMES OUT
Purple prose. (6/24a)
JUSTIN TRANTER: THE HITS PRIDE SPECIAL INTERVIEW
An inspiring success story (6/24a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)