51223 - Music Publishers
The music industry is a dynamic and influential part of the economy, driven by creativity, innovation, and complex rights management. At the heart of this vibrant sector lies NAICS code 51223 - Music Publishers, a classification critical for understanding businesses engaged in the acquisition and commercialization of music compositions. Whether you're a musician, entrepreneur, or government contractor, knowing about NAICS 51223 offers insight into a niche yet pivotal area of music publishing.
What is NAICS Code 51223 - Music Publishers?
NAICS 51223 covers establishments primarily engaged in acquiring rights to musical compositions and publishing music in various formats. This industry goes beyond mere distributionâmusic publishers license rights to song compositions, promote them for commercial use, and manage the complex ecosystem surrounding music ownership and royalties.
Key Activities of Music Publishers Include:
- Licensing music rights to broadcasters, performers, and other commercial users
- Publishing sheet music and digital music formats
- Managing song rights and royalty collections
- Promoting musical compositions for use in movies, commercials, and other media
Sector: Arts, Entertainment, and Recreation
NAICS code 51223 is part of the Arts, Entertainment, and Recreation sector (NAICS Sector 71). This sector encompasses a wide range of creative industries focused on producing and managing artistic content for entertainment purposes. Music publishers play a critical role within this sector, bridging the gap between composers and commercial markets.
Size Standards for NAICS Code 51223 Eligibility
When engaging in government contracting or business classification, size standards determine eligibility for small business programs. For NAICS 51223 - Music Publishers, the small business size standard is $30 million in average annual receipts. Businesses within this revenue limit may qualify for small business assistance and preferences in contracts.
Examples of Businesses Under NAICS Code 51223
Businesses classified under NAICS 51223 include:
- Sheet Music Publishers: Companies creating and distributing printed or digital sheet music.
- Music Licensing Agencies: Agencies managing song rights and licensing agreements.
- Song Rights Management Companies: Firms specializing in handling copyright protections and royalty collections for musical compositions.
These businesses ensure that composers receive proper recognition and compensation while enabling broader commercial use of musical works.
NAICS Code 51223 - Music Publishers: Code Details Table
| NAICS Code | Title | Sector | Description | Size Standard (Annual Receipts) | Typical Business Types |
|---|---|---|---|---|---|
| 51223 | Music Publishers | Arts, Entertainment, and Recreation (71) | Establishments primarily engaged in acquiring rights to musical compositions and publishing music in various formats. Includes licensing music rights and promoting compositions for commercial use. | $30 million | Sheet music publishers, Music licensing agencies, Song rights management companies |
Frequently Asked Questions (FAQs)
What does NAICS code 51223 include?
NAICS 51223 includes businesses involved in acquiring rights to musical compositions and publishing them. This also includes licensing music rights and managing the promotion and commercial use of these works.
Which sector does NAICS 51223 belong to?
It belongs to the Arts, Entertainment, and Recreation sector (Sector 71), covering various creative and entertainment-related industries.
What are some common business examples classified under NAICS 51223?
Typical businesses include sheet music publishers, music licensing agencies, and companies managing song rights and royalty collections.
What is the size standard for businesses under NAICS 51223?
The small business size standard is $30 million in average annual receipts.
How does NAICS 51223 benefit businesses?
Classifying under NAICS 51223 helps businesses qualify for government contracts, grants, and programs designed to support small businesses in the arts and entertainment industry.
Conclusion
NAICS code 51223 - Music Publishers represents a crucial segment of the music and entertainment industry, responsible for acquiring, managing, and monetizing the rights to musical compositions. Understanding this code is essential for businesses operating in or interfacing with the music publishing world, especially when navigating government contracting opportunities. Whether youâre a sheet music publisher or a music rights management company, staying informed about NAICS 51223 helps position your business for success within the Arts, Entertainment, and Recreation sector.
Optimize your government contracting strategy by leveraging NAICS 51223 - Music Publishers today!
