WATKINS GLEN, N.Y. (WETM) - - Woodstock 50 tickets will cost less than $400, according to co-founder Michael Lang.
Lang made the announcement of a reduced ticket price on the SiriusXM Volume show "Feedback" and confirmed that a limited number of one-day passes will be available.
Three-day passes were rumored to cost about $450 with no one-day passes available, but the tickets were not made available on Earth Day as scheduled.
Lang says that tickets are now expected to come up around the end of May.
Woodstock 50 also introduced a new financier after Dentsu Aegis canceled the concert and went to court over $18 million.
Oppenheimer & Co. will serve as the new financial advisor in order to complete the financing for the festival.
“We are thrilled to be onboard for this incredible weekend of music and social engagement,” said John Tonelli, head of Debt Capital Markets & Syndication at Oppenheimer & Co. Inc. “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.”