British music services organization PPL has forged a groundbreaking accord with counterpart ADAMI in France.

Through the reciprocal agreement, unveiled today, thousands of performers in both countries will benefit from the deal and will now be entitled to royalties backdated to the turn of the century.

Fran Nevrkla, chairman and CEO of PPL and VPL, described the pact as "a very significant moment for featured performers of both countries."

Nevrkla added, "Increasingly in today's music market, enabled by ever-expanding technology, music made in one country gets played all around the world and it is critical that musicians and performers get paid as their music gets played globally."

The United Kingdom and France respectively represent the two largest territories in the world that collect public performance income, according to figures published in the IFPI's "Recording Industry In Numbers." According to those figures, the U.K. collected $142.1 million in performance rights in 2006, representing 20% of the world total. Meanwhile, France's figure stood at $89.6 million, or 12%.