After news broke just yesterday that Woodstock 50 – a commemoration of the iconic 1969 festival’s 50^th anniversary – had been cancelled due to the withdrawal of the project’s lead investor, organizers are now coming forward to dispute the claims, saying that the festival will go ahead as originally planned.

The official Woodstock 50 team has been quoted as saying that “Although our financial partner is withdrawing, we will of course be continuing with the planning of the festival and intend to bring on new partners.” Promoter and original co-founder of Woodstock ’69 Michael Lang has confirmed that all artists scheduled to play have been paid in advance.

Jay Z, Chance The Rapper, The Killers, and more have all been scheduled to perform. There has been no word from any of the musicians themselves as to whether they still intend to play the festival.

The original 1969 Woodstock is legendary in rock circles, with iconic acts like Jimi Hendrix, Crosby, Stills, Nash, & Young, The Grateful Dead, Joan Baez, The Who, and Janis Joplin, all performing. These performances also included many of the artists’ most memorable moments, such as Hendrix’s guitar solo rendition of the American National Anthem.

This year’s festival is scheduled to take place from August 16 to August 18 in Watkins Glen New York.