The production company Superfly has dropped out of Woodstock 50, according to Rolling Stone.
Superfly, based out of New York City, Chicago, and San Francisco, was one of two production companies running the festival at The Glen, according to organizers, along with CID.
A Rolling Stone source who has worked on many festivals over the last 20 years says that the loss of Superfly is “catastrophic.” “With Superfly leaving the fold, that’s just the death knell,” the source said. “Any festivalgoer knows now that Superfly doesn’t have faith in it. I don’t know how you recover from that. It’s impossible.”
Superfly’s withdraw from the festival comes days after financier Dentsu Aegis Network announced they were no longer working with Woodstock 50 and announced the cancelation of the festival.
Woodstock 50 co-founder Michael Lang released two statements following Dentsu’s withdraw saying that Woodstock 50 would still be held.
A report from Billboard says that the festival asked two companies for $20 million to keep the festival alive.