512 - Motion Picture and Sound Recording Industries
Introduction
If you're looking to explore the dynamic world of entertainment and media, understanding NAICS Code 512 is essential. This classification governs the Motion Picture and Sound Recording Industries, a vibrant sector that drives creativity, technology, and business together. Whether you're a filmmaker, sound engineer, or distributor, knowing this NAICS code is crucial for government contracting, business development, and market research.
What is NAICS Code 512?
NAICS Code 512 represents establishments primarily engaged in producing and distributing motion pictures, videos, television programs, and sound recordings. This includes everything from the initial creation of films to post-production, distribution, and sound recording services.
Industry Description
- Production: Creating motion pictures, videos, and television programs.
- Post-Production: Editing, visual effects, dubbing, and mixing.
- Distribution: Marketing and distributing films and videos to theaters, broadcasters, and online platforms.
- Sound Recording: Recording, mixing, and mastering soundtracks or music albums.
This industry requires a blend of creative talent, technical expertise, and robust distribution channels, making it a multifaceted segment within the Information sector.
Sector: Information
NAICS Code 512 falls under the broader Information sector (Sector 51), which also includes publishing, broadcasting, telecommunications, and data processing services. The Information sector plays a critical role in the digital economy, delivering content and communication services.
Typical Business Activities in NAICS 512
Some common business types and activities classified under NAICS 512 include:
- Motion Picture Production Companies: Companies creating feature films, documentaries, commercials, and TV shows.
- Sound Recording Studios: Facilities specializing in music and audio production, editing, and mastering.
- Film and Video Distribution Companies: Businesses involved in distributing films and videos to theaters, streaming platforms, and broadcasters.
Size Standards for NAICS 512 Eligibility
For government contracting and small business programs, the U.S. Small Business Administration (SBA) sets size standards based on number of employees or annual receipts. For NAICS 512:
| NAICS Code | Title | Size Standard* |
|---|---|---|
| 512 | Motion Picture and Sound Recording | $38.5 million (average annual receipts) |
*Size standards are subject to change; always verify with the latest SBA guidelines.
This means businesses with annual receipts at or below $38.5 million may qualify as small businesses within this industry.
Examples of Businesses Under NAICS Code 512
- Lionsgate Films: A major motion picture production and distribution company.
- Sunset Sound Recording Studios: A world-renowned sound recording studio in California.
- Magnolia Pictures: A firm specializing in the distribution of independent and foreign films.
NAICS Code 512 - Code Details Table
| Code | Title | Description | Sector | Size Standard* |
|---|---|---|---|---|
| 512 | Motion Picture and Sound Recording Industries | Establishments producing and distributing motion pictures, videos, television programs, and sound recordings. Includes film production, post-production, distribution, and sound recording. | Information | $38.5 million (average annual receipts) |
Frequently Asked Questions (FAQ)
Q1: What types of companies are classified under NAICS 512?
A: Companies involved in motion picture production, sound recording studios, film and video post-production, and distribution firms fall under this code.
Q2: Is NAICS 512 limited only to film production?
A: No. It also includes sound recording, post-production services, video program production, and distribution.
Q3: How can a business find out if they qualify as a small business under NAICS 512?
A: Small business eligibility is based on annual receipts with a current size standard of $38.5 million. Checking the SBA website or consulting a contracts officer is recommended.
Q4: Can NAICS 512 companies participate in government contracting opportunities?
A: Yes, many government agencies contract services related to motion picture and sound recording industries. Understanding your NAICS classification enables smoother bidding and compliance.
Q5: How does NAICS Code 512 relate to other media industries?
A: It is a subset of the larger Information sector, focusing specifically on motion pictures, videos, television programs, and sound recordings rather than publishing or telecommunications.
Understanding NAICS Code 512 is crucial for businesses and professionals in the thriving motion picture and sound recording segments. Whether you're seeking contracting opportunities, market insights, or business classification guidance, this code unlocks access to the vibrant entertainment and media industry. Stay informed and aligned with the latest classifications to maximize your business success!
