Woodstock music festival has been cancelled by the lead investor due to inability to ensure the health and safety of artists and fans.
The three-day concert was supposed to kick off on August 16 in Watkins Glen in upstate New York to mark the 50th anniversary of the Woodstock music festival featuring rapper Jay-Z, singer Miley Cyrus and rockers The Killers and John Fogerty.
"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," investors Dentsu Aegis Network, a unit of Japanese company Dentsu Inc, said in a statement.
"As a result and after careful consideration, Dentsu Aegis Network’s Amplifi Live, a partner of Woodstock 50, has decided to cancel the festival," the statement added.
The festival experienced delay in sale dates, permits, security arrangements, water supplies and sanitation checks two weeks earlier, a source close to the event said.
The August 1969 Woodstock festival is considered to be one of the pivotal moments in music history.