NAICS Code 512120-02 - Motion Picture Film-Libraries

Marketing Level - NAICS 8-Digit

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NAICS Code 512120-02 Description (8-Digit)

Motion Picture Film-Libraries is a subdivision of the NAICS Code 512120, which involves the distribution of motion pictures and videos. Motion Picture Film-Libraries are companies that specialize in the licensing and distribution of motion picture films to various outlets such as television networks, streaming services, and movie theaters. These companies acquire the rights to films from production companies and make them available for distribution to various outlets. Motion Picture Film-Libraries are responsible for preserving and maintaining the films in their collection, as well as ensuring that the films are properly licensed and distributed.

Hierarchy Navigation for NAICS Code 512120-02

Tools

Tools commonly used in the Motion Picture Film-Libraries industry for day-to-day tasks and operations.

  • Film preservation equipment
  • Film scanners
  • Digital asset management software
  • Licensing software
  • Distribution software
  • Film restoration software
  • Metadata management software
  • Film inspection equipment
  • Film cleaning equipment
  • Film splicing equipment

Industry Examples of Motion Picture Film-Libraries

Common products and services typical of NAICS Code 512120-02, illustrating the main business activities and contributions to the market.

  • Classic Film Library
  • Criterion Collection
  • Film Movement
  • Kino Lorber
  • MGM Film Library
  • Paramount Pictures Library
  • Sony Pictures Classics
  • Universal Studios Library
  • Warner Bros. Classics
  • Zapruder Film Library

Certifications, Compliance and Licenses for NAICS Code 512120-02 - Motion Picture Film-Libraries

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

  • Motion Picture Film-Libraries License: A license required by the state to operate a motion picture film library. The license is issued by the state's film commission. [Source]
  • Copyright Registration: A registration with the U.S. Copyright Office is required to protect the rights of the film library. [Source]
  • Trademark Registration: A registration with the U.S. Patent and Trademark Office is required to protect the name and logo of the film library. [Source]
  • Business License: A business license is required to operate a film library in the United States. The license is issued by the state or local government. [Source]
  • Sales Tax Permit: A sales tax permit is required to collect sales tax on the rental or sale of films. The permit is issued by the state's department of revenue. [Source]

History

A concise historical narrative of NAICS Code 512120-02 covering global milestones and recent developments within the United States.

  • The Motion Picture Film-Libraries industry has a rich history dating back to the early 20th century. The first film library was established in 1919 by the Famous Players-Lasky Corporation, which later became Paramount Pictures. The library was created to store and distribute films to theaters across the United States. In the 1920s, film libraries became more common, and studios began to see the value in preserving their films for future generations. The industry continued to grow throughout the 20th century, with the advent of television and home video leading to new opportunities for film libraries. In recent years, the industry has faced challenges due to the rise of digital streaming services, but film libraries remain an important part of the entertainment industry, preserving and distributing classic films for new audiences to enjoy. In the United States, the Motion Picture Film-Libraries industry has a more recent history, with the first major film library established in the 1930s by MGM. The industry grew rapidly in the post-World War II era, with the rise of television leading to increased demand for classic films. In the 1980s and 1990s, the industry faced challenges due to the decline of the video rental market, but it has adapted to new technologies and remains an important part of the entertainment industry. Today, film libraries continue to preserve and distribute classic films, while also exploring new opportunities in the digital age.

Future Outlook for Motion Picture Film-Libraries

The anticipated future trajectory of the NAICS 512120-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Motion Picture Film-Libraries industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for classic movies and TV shows. The rise of streaming services has created a new market for film libraries, as they are able to license their content to these platforms. Additionally, the industry is expected to benefit from the growth of international markets, as more countries are becoming interested in American films and TV shows. However, the industry may face challenges from piracy and the increasing popularity of original content. Overall, the Motion Picture Film-Libraries industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 512120-02

Recent groundbreaking advancements and milestones in the Motion Picture Film-Libraries industry, reflecting notable innovations that have reshaped its landscape.

  • Digitization Of Film Libraries: Many film libraries are digitizing their collections, making it easier for them to license their content to streaming services and other platforms.
  • Restoration Of Classic Films: Film libraries are investing in the restoration of classic films, making them available to a new generation of viewers.
  • Licensing Deals with Streaming Services: Film libraries are striking deals with streaming services like Netflix and Amazon Prime, allowing them to license their content to these platforms.
  • Expansion Into International Markets: Film libraries are expanding into international markets, licensing their content to foreign broadcasters and streaming services.
  • Collaboration with Filmmakers: Film libraries are collaborating with filmmakers to create new content based on their existing properties.

NAICS Code 512120-02 - Motion Picture Film-Libraries

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