NAICS Code 423990-35 - Video Tape-Distributors (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423990-35 Description (8-Digit)

Video Tape-Distributors (Wholesale) is a subdivision of the Other Miscellaneous Durable Goods Merchant Wholesalers industry. This industry involves the wholesale distribution of video tapes, DVDs, and other related products to retailers, rental stores, and other businesses. Video Tape-Distributors (Wholesale) companies purchase video tapes and DVDs from manufacturers and then distribute them to retailers and rental stores. They may also provide services such as marketing and advertising to promote the products they distribute.

Hierarchy Navigation for NAICS Code 423990-35

Tools

Tools commonly used in the Video Tape-Distributors (Wholesale) industry for day-to-day tasks and operations.

  • Video tape rewinders
  • DVD duplicators
  • Video tape erasers
  • Video tape repair kits
  • Video tape cleaning machines
  • DVD cases and sleeves
  • Video tape labels and markers
  • Video tape storage racks
  • Video tape security cases
  • Barcode scanners

Industry Examples of Video Tape-Distributors (Wholesale)

Common products and services typical of NAICS Code 423990-35, illustrating the main business activities and contributions to the market.

  • Movie rental stores
  • Retail stores selling DVDs
  • Online retailers of DVDs and Blu-rays
  • Wholesale distributors of DVDs and video tapes
  • Educational institutions purchasing DVDs for classroom use
  • Libraries offering DVD rentals
  • Video production companies purchasing blank DVDs for duplication
  • Hotels offering in-room movie rentals
  • Cruise ships offering movie rentals to passengers
  • Airlines offering in-flight movie rentals

Certifications, Compliance and Licenses for NAICS Code 423990-35 - Video Tape-Distributors (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 and chemicals. It ensures that workers are trained in the proper handling and disposal of these materials. The certification is provided by the US Department of Labor.
  • Federal Communications Commission (FCC) License: This license is required for workers who install, maintain, or repair radio and television broadcasting equipment. It ensures that workers are trained in the proper use of this equipment and that they comply with FCC regulations. The license is provided by the FCC.
  • National Association Of Broadcasters (NAB) Certification: This certification is required for workers who operate and maintain broadcasting equipment. It ensures that workers are trained in the proper use of this equipment and that they comply with NAB regulations. The certification is provided by the NAB.
  • National Fire Protection Association (NFPA) Certification: This certification is required for workers who handle fire protection equipment. It ensures that workers are trained in the proper use and maintenance of this equipment and that they comply with NFPA regulations. The certification is provided by the NFPA.
  • International Organization for Standardization (ISO) Certification: This certification is required for companies that want to demonstrate that they have a quality management system in place. It ensures that companies are following international standards for quality management. The certification is provided by ISO.

History

A concise historical narrative of NAICS Code 423990-35 covering global milestones and recent developments within the United States.

  • The Video Tape-Distributors (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 new technologies such as DVDs and Blu-ray discs. During this time, the industry was dominated by major players such as Blockbuster and Hollywood Video. However, with the rise of digital streaming services such as Netflix and Amazon Prime, the industry has experienced a decline in recent years. In the United States, the industry has seen a significant decline in revenue, with a decrease of 6.5% in 2020 alone. Despite this, the industry has continued to adapt to changing consumer preferences, with many distributors now focusing on niche markets such as independent films and documentaries.

Future Outlook for Video Tape-Distributors (Wholesale)

The anticipated future trajectory of the NAICS 423990-35 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Shrinking

    The future outlook for the Video Tape-Distributors (Wholesale) industry in the USA is uncertain due to the decline in demand for physical media. The industry has been negatively impacted by the rise of digital media and streaming services, which has led to a decrease in demand for video tapes. However, the industry has adapted to the changing market by diversifying its product offerings to include DVDs, Blu-rays, and other digital media formats. Additionally, the industry has expanded its distribution channels to include online retailers and streaming services. Despite these efforts, the industry is expected to continue to decline in the coming years.

Industry Innovations for NAICS Code 423990-35

Recent groundbreaking advancements and milestones in the Video Tape-Distributors (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Digital Distribution: Video Tape-Distributors (Wholesale) have adapted to the changing market by offering digital distribution services to their clients. This allows retailers to offer digital copies of movies and TV shows to their customers, which has become increasingly popular in recent years.
  • Diversification Of Product Offerings: In response to the decline in demand for video tapes, Video Tape-Distributors (Wholesale) have diversified their product offerings to include DVDs, Blu-rays, and other digital media formats. This has allowed the industry to remain relevant in the changing market.
  • Expansion Of Distribution Channels: Video Tape-Distributors (Wholesale) have expanded their distribution channels to include online retailers and streaming services. This has allowed the industry to reach a wider audience and remain competitive in the digital age.
  • Customization Of Products: Video Tape-Distributors (Wholesale) have started to offer customized products to their clients, such as special edition DVDs and Blu-rays. This has allowed retailers to offer unique products to their customers and differentiate themselves from their competitors.
  • Partnership with Streaming Services: Video Tape-Distributors (Wholesale) have started to partner with streaming services to offer exclusive content to their clients. This has allowed retailers to offer unique content to their customers and attract new business.

NAICS Code 423990-35 - Video Tape-Distributors (Wholesale)

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