5162 - Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers
In today's digital age, the way we consume and share content has transformed drastically. At the heart of this transformation lies NAICS Code 5162, a critical classification that captures the burgeoning industry of media streaming, social networking, and digital content provision. Whether you're a business owner, government contractor, or just curious about industry classifications, understanding NAICS 5162 provides valuable insights into this dynamic sector.
What is NAICS Code 5162?
NAICS Code 5162 represents the industry group titled Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers. This classification covers establishments primarily engaged in:
- Providing media streaming distribution services
- Operating social networking platforms
- Managing other media networks and content platforms that deliver and facilitate the sharing of digital media content online
These platforms enable users to access, share, and interact with a vast array of digital content, ranging from videos and music streaming to social interactions and online community building.
Sector Overview: Information
NAICS 5162 falls under the broad Information Sector, a key driver of the modern digital economy. Businesses within this code focus on leveraging internet technologies to distribute content and foster communication, positioning themselves at the cutting edge of digital media services.
Typical Business Activities & Types
Common businesses and activities included under NAICS 5162 are:
- Media Streaming Platforms: Services such as video-on-demand, music streaming, live broadcast streaming, and other digital media delivery systems.
- Social Networking Services: Platforms facilitating online social interactions, community creation, and user-generated content sharing.
- Online Content Providers: Companies creating or curating digital content ranging from blogs, news sites, podcasts, to entertainment networks.
Small Business Size Standards for NAICS 5162
Understanding size standards is crucial for businesses seeking government contracts or funding opportunities. According to the U.S. Small Business Administration (SBA):
- The small business size standard for NAICS 5162 is $41.5 million in average annual receipts.
Businesses with revenues below this threshold typically qualify as small businesses, which can afford them advantages like eligibility for federal small business contracting programs.
Examples of Businesses Under NAICS 5162
Here are a few examples of companies and platforms that fall within NAICS 5162:
- Netflix (media streaming services)
- Spotify (music streaming platform)
- Facebook / Meta Platforms, Inc. (social networking services)
- YouTube (online content and streaming)
- Reddit (social networks and content aggregation)
NAICS 5162 Code Details Table
| Attribute | Details |
|---|---|
| NAICS Code | 5162 |
| Title | Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers |
| Sector | Information |
| Description | Establishments primarily engaged in providing media streaming distribution services, operating social networks, and other online media content platforms. |
| Typical Businesses | Media streaming platforms, social networking services, online content providers |
| Small Business Standard | $41.5 million in average annual receipts |
Frequently Asked Questions (FAQs)
What types of businesses are included in NAICS 5162?
Establishments that provide media streaming services, operate social networking sites, or distribute digital content online fall under this code. This includes video and music streaming platforms, social media companies, and online content networks.
How is NAICS 5162 different from other media-related NAICS codes?
NAICS 5162 specifically addresses internet-based media streaming and social networking services, whereas other codes might focus on traditional broadcasting, publishing, or telecommunications services.
Why is understanding NAICS codes important for businesses?
NAICS codes help classify businesses for government contracting, statistical analysis, and regulatory purposes. They assist companies in identifying relevant industry trends, marketing opportunities, and eligibility for government programs.
What is the size standard for small businesses under NAICS 5162?
The SBA defines the size standard as having average annual receipts of $41.5 million or less to qualify as a small business.
Conclusion
NAICS Code 5162 captures a vital segment of the digital economy — those businesses on the forefront of media streaming, social networking, and online content delivery. Whether you run a startup in this space or are exploring government contracting opportunities, understanding this classification along with its size standards and business types is essential for strategic growth and compliance.
By leveraging the power of content and connectivity, companies governed by NAICS 5162 continue to shape how the world communicates and consumes media in the digital age.
