SANTA MONICA AND MIAMI, August 19, 2019 — Universal Music Group (UMG), the world leader in music-based entertainment, and Dakia Global Enterprise, an impact investment holding company, today announced the formation of a partnership to develop a new music-focused experiential hospitality category.

Under the agreement, the companies will create immersive music experiences (including premiere hospitality, lifestyle club, live entertainment and next-generation retail), furthering UMG’s commitment to deepening the relationship between fans and the music and artists they love. The partnership will first work to identify potential projects and properties, with announcements regarding those to come at a later date.

About Universal Music Group
Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company. Find out more at:

About Dakia Global Enterprise
DAKIA Global Enterprise is an Impact Investment Management Holding Company, with an overall focus on investing and curating purpose-driven entities. DAKIA incubates and capitalizes each entity, designs a compelling business model, incorporates best-in-class strategic partners, and enhances value to create a win-win for all stakeholders. Dakia’s platform is strategically designed to empower communities worldwide, thus propelling creative and conscious business models. Dakia primarily focuses on the following Impact verticals: Experiential Hospitality; Technologies; Energy; Real Estate Development; Impact Investments.