In a headline that reads like the opening line of a Netflix documentary that will drop next year around this time, Woodstock founder, Michael Lang plans on raising $30 Million by this Friday to save his 50th-anniversary event. The news comes after the event was reported to be canceled last week after investors pulled the plug due to a litany of logistical problems that seemingly had no resolution.

Lang soon fired back a few days later with his own press release…that was actually a screenshot of his iPhone's notes app, explaining that the event was not dead despite now having no funding.

Hopes Too High?

Many outlets have reported the similarities between the ill-fated, and now universally mocked Fyre Festival and Woodstock 50. The only difference is that while Fyre Festival is falling apart in the dark, Woodstock 50's failing is taking place in plain sight of the public.

Michael Lang has still not secured many of the necessary permits needed to host the event and tickets failed to move at a staggering price point of $450. It seems that while there is a small hope that Woodstock 50 might recapture the magic of what happened in 1969, voices across the industry seem to echo the same logic – “let it die, and don't fight it.”

Billboard reports that it is now clear that Michael Lang is not heeding the warning of his peers, as he has unveiled a plan to raise $30 Million by this Friday to save the festival.

Will this play out okay? Only time will tell.

Erik
Hey everyone! I am the Editor in Chief of EDM Sauce. I handle content curation and pretty much spend all my free time scouring the web for dance music news. I am 25 years old and a recent graduate of Texas Tech . My favorites artists at the moment are Odesza, Flume, Lane 8 and of course Deadmau5. Shoot me an email if you have any questions or would like to write for the site!