WATKINS GLEN, NY — According to two separate published reports, one from Billboard and another from Rolling Stone, the concert scheduled for Watkins Glen to celebrate the 50th anniversary of the famous 1969 Woodstock Concert, has been cancelled.

Rolling Stone reported, “Woodstock 50 – scheduled to coincide with the 50th anniversary of the legendary music festival – has been canceled.

“Although the all-star lineup – featuring Jay-Z, Miley Cyrus, Dead & Company, the Raconteurs and dozens more, including acts from the original Woodstock fest – was announced in early March, tickets for the festival did not go on sale; a planned Earth Day on-sale in April was postponed due to reported permit issues.

“However, on Monday, Dentsu, one of the festival’s main investment arm, announced that Woodstock 50 would not proceed.

Dentsu is a reference to Dentsu Aegis Network a Japanese company that has been financing the concert.

A statement from Dentsu published on the Billboard website says,  “It’s a dream for agencies to work with iconic brands and to be associated with meaningful movements. We have a strong history of producing experiences that bring people together around common interests and causes which is why we chose to be a part of the Woodstock 50th Anniversary Festival.  But 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."

However, organizers of the event, scheduled for August, deny that it has been cancelled.

Woodstock 50 gave a statement to the Poughkeepsie Journal that said, "Woodstock 50 vehemently denies the festival's cancellation and legal remedy will (be) sought."

The Schuyler County Administrator told the paper he received a notification via email confirming the cancellation.