Mills Music Trust
MMTRS
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Joel Faden
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 452 Fifth Avenue New York City NY United States of America 10018
- IPO Date
- Oct 15, 2010
- CIK
- 0000066496
- Similar Companies
- Business
- Mills Music Trust (MMTRS) holds the right to receive payments representing a deferred contingent purchase price obligation related to a music and lyric copyright catalogue originally sold by Mills Music, Inc. in 1964; the Trust receives quarterly contingent portion payments from EMI Mills Music Inc., based on a percentage of gross royalty income generated by the exploitation of the Catalogue, net of specified royalty-related expenses and deductions; the Catalogue comprises over 12,000 music titles, including approximately 1,430 that have produced royalty income in recent years, with principal receipts derived from copyrights established prior to 1960 in the United States, supplemented by income from Canada and other foreign countries; notable titles among the top earners include "Little Drummer Boy," "Sleigh Ride," "Star Dust," "Mood Indigo," and various holiday songs and show tunes. The Trust distributes amounts received, after payment of expenses and liabilities including fees to its corporate trustee HSBC Bank USA, N.A., to the registered owners of its 277,712 outstanding units of beneficial interest. Founded on December 3, 1964 as a New York common law trust and headquartered in New York, New York, the Trust operates in the music publishing royalty sector without owning the Catalogue directly, which is administered and managed by Sony/ATV Music Publishing LLC on behalf of EMI. In a significant recent development, on October 30, 2025, the Trust entered into a settlement agreement with EMI Mills Music Inc. and EMI Consortium Music Publishing Inc., under which EMI agreed to pay $500,000 within ten business days in full and final settlement of all claims through December 31, 2024 related to contingent payments; the agreement also amended the underlying 1964 asset purchase agreement effective July 1, 2025 to cap foreign sub-publishing fees at 25% when calculating future payments and to limit offsets for U.S. copyright renewal costs to U.S. royalty income only; ongoing disputes persist regarding the calculation methodology for periods after December 31, 2024, with claimed underpayments totaling approximately $1.64 million as of September 30, 2025.