MTV Networks Europe and British rights collecting society VPL are set to act on a new deal concerning royalty payments for music videos broadcast on MTVNE from independent labels.

LONDON--MTV Networks Europe and British rights collecting society VPL are set to act on a new deal concerning royalty payments for music videos broadcast on MTVNE from independent labels.

MTVNE says the deal does not restrict MTV from continuing to seek direct deals with independent labels.

"We are making a firm statement of our unwavering commitment to indie artists and labels, and affirming their value and importance to us and our business," says MTVNE president and CEO Brent Hansen.

"I am delighted that VPL has been able to facilitate a new collective agreement with MTV on behalf of the independent record companies," says Fran Nevrkla, chairman and CEO of VPL.

Terms of the deal, finalized April 1, weren't disclosed.

MTVNE was seeking to reduce the royalties it paid to VPL. Talks with VPL broke down last month, and MTV attempted to sign direct deals with labels, before the parties headed back to the negotiating table.

Meanwhile, British independent labels body AIM plans to begin talks with MTV in other parts of the world about the use of indie labels' music videos.

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