Kobalt Music Group, the U.K.-based independent music publisher, has struck an exclusive administration framework agreement with the International Music Managers Forum (IMMF).

Kobalt Music Group, the U.K.-based independent music publisher, has struck an exclusive administration framework agreement with the International Music Managers Forum (IMMF).

Under the pact, members of the London-based IMMF trade body will be allowed to utilize Kobalt Music Group's services to administer copyrights and collect royalties worldwide for their clients.

Since launching about three years ago, Kobalt has developed a centralized collection infrastructure and a dedicated administration system based on modern technology. Its model allows for a high level of automation on a global basis.

In a statement, Kobalt describes the new pact as a "landmark opportunity" for IMMF members-managers and their respective artist clients. According to the company, its template agreement allows for a degree of flexibility in negotiations, and is designed to cover both established and grass-roots artists and writers. Terms were not disclosed.

Peter Jenner, secretary-general of the IMMF, says the template agreement was "as good as it gets" in respect of contractual terms and speed of payment of royalties for its members.

As part of the deal IMMF members will also have access to the Kobalt Music Group international creative team who liaise with record labels, film companies and advertising agencies in the United States, Europe and Australasia.

The IMMF is the umbrella organization for Music Managers Forum (MMF) chapters worldwide. It currently represents organizations in 12 countries.

Kobalt currently administers more than 40,000 copyrights, including the catalogs of Sanctuary Music Publishing, Air-Edel Music, B-Unique Music, Badly Drawn Boy and Ignition Music.