A week after <A HREF="http://www.billboard.com/bb/biz/business_finance/article_display.jsp?vnu_content_id=1000549769">signing reciprocal agreements</A> for their featured artists, U.S. digital rights

A week after signing reciprocal agreements for their featured artists, U.S. digital rights body SoundExchange and U.K. society Phonographic Performance Ltd. (PPL) have inked similar pacts for their respective independent labels.

The deals allow each organization to issue Webcast licenses in its respective country for repertoire from U.S. and U.K. indie labels. The move builds upon last week's agreement to collect and distribute royalties from both countries, helping to forge a broad network to facilitate digital licensing and royalty distribution worldwide.

"U.S. independent labels are one step closer to realizing the full value of their extensive and vibrant catalogues,” says SoundExchange executive director John L. Simson. “We can now license their content not only in the United States but in the U.K. and soon to encompass most major territories around the World."

Simson adds that SoundExchange expects to soon sign a worldwide license developed by the IFPI that already has been signed by 12 countries and facilitates Webcasting licenses across their borders.