SABAM, "Société belge des Auteurs, Compositeurs et Editeurs" has signed a centralisation agreement with UNIVERSAL MUSIC INTERNATIONAL for payment of mechanical copyrights. The agreement provides for every disc placed on the European market by UNIVERSAL MUSIC, from 1 July 2004, to receive a payment ("mechanical copyright") that will allow the Belgian company to notch up an additional EUR 100 million in turnover annually (compared to EUR 126.8 million in 2003), i.e. the equivalent of around...