The Woodstock 50 anniversary music festival, which was to have celebrated the groundbreaking 1969 event in New York state this August, has been cancelled.

In a statement released on Wednesday, the organisers said: "Woodstock 50 today announced that the three-day festival to celebrate its 50th anniversary has been cancelled."

"We are saddened that a series of unforeseen setbacks has made it impossible to put on the festival we imagined with the great lineup we had booked and the social engagement we were anticipating," explained Michael Lang, co-founder of the Woodstock Music and Arts Festival.

Woodstock 50, which was due to have taken place between August 16 and 18 in upstate New York, had encountered numerous problems in recent months.

Organisers were rejected by two proposed sites, lost funding and saw acts including Jay-Z and Miley Cyrus pull out.

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