FILE - This Aug. 14, 2009 file photo shows a van decorated with "Woodstock or Bust" at the original Woodstock Festival site in Bethel, N.Y. Woodstock 50 is proving to be as chaotic as the original festival held in 1969. A financial investor in the festival announced Monday, April 29, 2019, it was pulling its funding from the anniversary event, set to take place Aug. 16-18 in Watkins Glen, N.Y. (AP Photo/Stephen Chernin, File)

One of the most talked about topics this year is whether or not Woodstock‘s highly anticipated 50th anniversary festival will actually happen.

Michael Lang, co-creator of the Woodstock Music & Art Festival in 1969, claims that the festival will still be taking place despite numerous hiccups. He says that “it’s going to be a blast.”

Lang, a longtime concert promoter, recently released a statement confirming that he and Woodstock LLC were “committed to ensuring that the 50th anniversary of Woodstock is marked with a festival deserving of its iconic name and place in American history and culture.”

The hardworking team behind the festival has undergone several bumps in the road. This has included a hold on ticket sales, performers leaked ahead of the lineup announcement, and, more shockingly, a major financial investor dropping out of the event.

“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,” Dentsu Aegis Network’s Amplifi Live said in a statement.

You can read the full statement from Lang and his team below.