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Mills Music Trust is a passive entity established to receive and distribute royalty payments derived from a music and lyric copyright catalog. It does not own copyrights or collect royalties directly but distributes income from a contingent payment obligation based on royalty income generated by the catalog, managed by EMI and Sony/ATV. The Trust primarily serves trust unit holders through quarterly distributions, with a focus on royalty income from historic music titles.
This description was generated via AI from an annual report. Updated about 1 year ago.