Woodstock 50 has been brought back to life by new investors after Dentsu Aegis Network pulled their support in April. The event, a music festival honoring the 50th anniversary of the legendary Woodstock of 1969, was declared to be “cancelled” by Dentsu, but this is no longer the case.

American investment bank, Oppenheimer & Co have stepped in to finance the event.

We believe in Woodstock as an important American cultural icon and look forward to its regeneration in the green fields of Watkins Glen this August with all of the artists on the remarkable lineup,” says John Tonelli, head of Debt Capital Markets & Syndication at Oppenheimer.

This recent development marks a change in luck for the festival which has been experiencing several setbacks, including difficulties in obtaining a mass gathering permit from the New York State Department of Health.

Event promoter Michael Lang claimed in early May that Woodstock 50 will still take place but there has been no confirmation from other sources as of yet. Stay tuned here or to the festival’s website for the latest info as it becomes available.