After rumors have spread, it is now confirmed that the 50th-anniversary celebration of Woodstock has been canceled.

Billboard reported on Monday, April 29, that representatives from the company organizing the Woodstock 50, which is the 50th-anniversary celebration of Woodstock, is canceled. Dentsu Aegis Network, who is funding the festival, said in a statement that they do not believe the production of the festival can be an event worthy of the Woodstock name.

Dentsu Aegis Network cited concerns regarding the ensure health and safety of artists, partners, and attendees. As well as the capacity of the festival, site readiness and permitting issues, according to Billboard. TMZ reports that tickets for the festival were supposed to go on sale during the week of April 21, but never did.

According to TMZ, the promoter for the festival, Michael Lang, says the announcement is surprising, but they're not giving up on the event yet.

Woodstock 50 was scheduled for August 16-18 at Watkins Glen, New York. The lineup included artists like The Killers, Halsey, Imagine Dragons, Jay-Z, Miley Cyrus, Chance the Rapper, and many more.

Listen to Afternoons With Taylor weekdays from 2PM to 7PM on Now 97.7. Stream us live through the website, your Alexa-enabled device, Google Home or the Now 97.7 app.

Read more:

BONUS VIDEO