NAICS Code 423690-62 - Video Tapes & Discs (Wholesale)

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Total Companies

33

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NAICS Code 423690-62 Description (8-Digit)

The Video Tapes & Discs (Wholesale) industry involves the distribution of video tapes and discs to retailers and other businesses. This industry includes companies that specialize in the wholesale distribution of pre-recorded DVDs, Blu-ray discs, and other video formats. The companies in this industry may also offer related services such as packaging, labeling, and shipping.

Hierarchy Navigation for NAICS Code 423690-62

Tools

Tools commonly used in the Video Tapes & Discs (Wholesale) industry for day-to-day tasks and operations.

  • DVD duplicators
  • Blu-ray duplicators
  • Disc printers
  • Disc repair machines
  • Shrink wrap machines
  • Labeling machines
  • Packaging machines
  • Barcode scanners
  • Inventory management software
  • Shipping software

Industry Examples of Video Tapes & Discs (Wholesale)

Common products and services typical of NAICS Code 423690-62, illustrating the main business activities and contributions to the market.

  • Movie DVDs
  • TV show DVDs
  • Documentary DVDs
  • Fitness DVDs
  • Educational DVDs
  • Music concert DVDs
  • Children's DVDs
  • Blu-ray discs
  • Video game discs
  • Software installation discs

Certifications, Compliance and Licenses for NAICS Code 423690-62 - Video Tapes & Discs (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers who handle hazardous materials, such as chemicals, in the workplace. It ensures that workers are trained in the proper handling and disposal of hazardous materials. The certification is provided by the US Department of Labor's OSHA.
  • Federal Communications Commission (FCC) License: This license is required for workers who operate, repair, or install radio communication equipment. It ensures that workers are trained in the proper use of radio communication equipment and that they comply with FCC regulations. The license is provided by the FCC.
  • International Organization for Standardization (ISO) Certification: This certification is a quality management system that ensures that a company's products and services meet customer and regulatory requirements. It is recognized worldwide and is provided by the International Organization for Standardization.
  • National Association Of Broadcasters (NAB) Certification: This certification is required for workers who operate, repair, or install broadcast equipment. It ensures that workers are trained in the proper use of broadcast equipment and that they comply with NAB regulations. The certification is provided by the NAB.
  • Recording Industry Association Of America (RIAA) Certification: This certification is required for workers who handle copyrighted music and videos. It ensures that workers are trained in the proper handling and distribution of copyrighted materials. The certification is provided by the RIAA.

History

A concise historical narrative of NAICS Code 423690-62 covering global milestones and recent developments within the United States.

  • The "Video Tapes & Discs (Wholesale)" industry has a rich history that dates back to the 1970s when the first VHS tapes were introduced. The industry experienced significant growth in the 1980s and 1990s with the introduction of DVDs and the rise of home entertainment. However, with the advent of digital streaming services, the industry has faced significant challenges in recent years. In the United States, the industry has seen a decline in sales since 2009, with revenues dropping from $8.5 billion in 2009 to $2.5 billion in 2019. Despite this decline, the industry has continued to adapt to changing consumer preferences, with many wholesalers now offering a range of digital products alongside physical media.

Future Outlook for Video Tapes & Discs (Wholesale)

The anticipated future trajectory of the NAICS 423690-62 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Shrinking

    The industry "Video Tapes & Discs (Wholesale)" has been declining in recent years due to the rise of digital streaming services. However, the industry is expected to stabilize in the coming years due to the continued demand for physical media from collectors and enthusiasts. Additionally, the industry is expected to benefit from the growth of the home entertainment market, which includes the sales of DVDs and Blu-ray discs. The industry is also expected to benefit from the growth of the gaming industry, as video game consoles continue to support physical media. Overall, the industry is expected to remain stable in the coming years, with a focus on niche markets and collectors.

Industry Innovations for NAICS Code 423690-62

Recent groundbreaking advancements and milestones in the Video Tapes & Discs (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Blu-Ray Discs: Blu-ray discs have become the standard for high-definition video and have replaced DVDs as the preferred format for physical media.
  • 4K Ultra HD: 4K Ultra HD discs offer even higher resolution than Blu-ray discs and have become popular among home theater enthusiasts.
  • Limited Edition Releases: Many companies have started releasing limited edition versions of popular movies and TV shows, which include special packaging and bonus features.
  • Steelbook Cases: Steelbook cases have become popular among collectors and offer a premium packaging option for movies and TV shows.
  • Vinyl Soundtracks: Many companies have started releasing soundtracks on vinyl, which has become popular among collectors and audiophiles.
  • Collector's Editions: Many companies have started releasing collector's editions of popular video games, which include special packaging and bonus content.
  • Retro Formats: Some companies have started releasing movies and TV shows on retro formats like VHS and Betamax, which has become popular among collectors.
  • Box Sets: Box sets of TV shows and movie franchises have become popular among collectors and offer a convenient way to own entire series or franchises.
  • Digital Copies: Many physical media releases now include digital copies, which allow consumers to watch their movies and TV shows on digital devices.
  • 3D Blu-Ray: 3D Blu-ray discs offer a 3D viewing experience and have become popular among home theater enthusiasts.
  • Director's Cuts: Many companies have started releasing director's cuts of popular movies, which include additional footage and alternate endings.
  • Remastered Releases: Many companies have started releasing remastered versions of classic movies and TV shows, which offer improved picture and sound quality.
  • Criterion Collection: The Criterion Collection offers high-quality releases of classic and contemporary movies, which include special features and bonus content.
  • Limited Theatrical Releases: Some companies have started releasing movies in limited theatrical runs before their home video release, which has become popular among cinephiles.
  • 4K Restoration: Some companies have started restoring classic movies in 4K resolution, which offers improved picture quality and has become popular among cinephiles.
  • Collector's Edition Toys: Some companies have started releasing collector's edition toys and figurines based on popular movies and TV shows, which has become popular among collectors.
  • Steelbook Video Games: Steelbook cases have also become popular among video game collectors and offer a premium packaging option for video games.
  • Retro Video Games: Some companies have started releasing retro video game consoles and cartridges, which has become popular among video game collectors.
  • Limited Edition Video Games: Many companies have started releasing limited edition versions of popular video games, which include special packaging and bonus content.
  • Virtual Reality: Virtual reality has become popular among gamers and some companies have started releasing virtual reality games on physical media.

NAICS Code 423690-62 - Video Tapes & Discs (Wholesale)

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