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NAICS Code 512290-03 Description (8-Digit)

Recorded Information is a subdivision of the Other Sound Recording Industries NAICS Code that involves the production and distribution of non-musical audio content. This industry includes companies that create and distribute audio books, podcasts, lectures, speeches, and other forms of spoken-word content. Recorded Information is a growing industry due to the increasing popularity of audio content and the convenience of consuming it on-the-go.

Hierarchy Navigation for NAICS Code 512290-03

Tools

Tools commonly used in the Recorded Information industry for day-to-day tasks and operations.

  • Audio editing software (e.g. Audacity, Adobe Audition)
  • Microphones (e.g. condenser, dynamic)
  • Audio interfaces
  • Headphones
  • Pop filters
  • Mic stands
  • Digital audio recorders
  • Audio mixers
  • Soundproofing materials
  • Audio plugins (e.g. EQ, compression)

Industry Examples of Recorded Information

Common products and services typical of NAICS Code 512290-03, illustrating the main business activities and contributions to the market.

  • Audiobooks
  • Podcasts
  • Educational lectures
  • Language learning programs
  • Self-help audio programs
  • News broadcasts
  • Religious sermons
  • Business presentations
  • Historical speeches
  • Audio tours

Certifications, Compliance and Licenses for NAICS Code 512290-03 - Recorded Information

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

  • Federal Communications Commission (FCC) License: This license is required for businesses that operate radio communication equipment. The FCC regulates all interstate and international communications by radio, television, wire, satellite, and cable in the US. [Explanation]
  • Copyright Registration: This registration is required to protect the original works of authorship, including literary, dramatic, musical, and artistic works. [Explanation]
  • Trademark Registration: This registration is required to protect the brand name, logo, or slogan of a business. [Explanation]
  • Business License: This license is required to operate a business in the US. The requirements vary by state and locality. [Explanation]
  • Data Protection Compliance: This compliance is required to protect the personal data of customers and employees. The requirements vary by state and industry. [Explanation]

History

A concise historical narrative of NAICS Code 512290-03 covering global milestones and recent developments within the United States.

  • The Recorded Information industry has a long and rich history dating back to the late 1800s when Thomas Edison invented the phonograph. This invention revolutionized the way people consumed music and paved the way for the development of the recording industry. In the early 1900s, the industry saw the introduction of the first commercial radio broadcasts, which further expanded the reach of recorded information. In the 1960s, the introduction of the cassette tape and later the compact disc (CD) led to a surge in the popularity of recorded music. In recent years, the industry has seen a shift towards digital formats, with the rise of streaming services like Spotify and Apple Music. In the United States, the recorded information industry has a rich history that dates back to the early 1900s. The industry saw significant growth in the 1920s with the introduction of commercial radio broadcasts and the establishment of record labels like RCA Victor and Columbia Records. In the 1960s, the industry saw a surge in popularity with the introduction of the cassette tape and later the CD. In recent years, the industry has seen a shift towards digital formats, with the rise of streaming services like Spotify and Apple Music. The industry has also faced challenges in recent years due to declining physical sales and the rise of piracy. Despite these challenges, the industry remains a vital part of the entertainment sector in the United States.

Future Outlook for Recorded Information

The anticipated future trajectory of the NAICS 512290-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The recorded information industry in the USA is expected to continue to grow in the coming years. With the increasing demand for digital content, the industry is expected to see a rise in revenue. The industry is also expected to benefit from the growing popularity of audiobooks and podcasts. However, the industry may face challenges due to the increasing competition from online streaming services. The industry is also expected to face challenges due to the ongoing COVID-19 pandemic, which has led to a decline in demand for some of its services. Overall, the industry is expected to continue to grow, albeit at a slower pace than in previous years.

Industry Innovations for NAICS Code 512290-03

Recent groundbreaking advancements and milestones in the Recorded Information industry, reflecting notable innovations that have reshaped its landscape.

  • The Rise Of Audiobooks: With the increasing popularity of audiobooks, the recorded information industry has seen a rise in demand for its services. Many companies are now offering audiobook production services, which has led to a rise in revenue for the industry.
  • The Growth Of Podcasts: Podcasts have become increasingly popular in recent years, and the recorded information industry has benefited from this trend. Many companies are now offering podcast production services, which has led to a rise in revenue for the industry.
  • The Use Of Artificial Intelligence: Many companies in the recorded information industry are now using artificial intelligence to improve their services. For example, some companies are using AI to transcribe audio recordings, which has led to a rise in efficiency and accuracy.
  • The Rise Of Virtual Reality: Virtual reality has become increasingly popular in recent years, and the recorded information industry has started to explore its potential. Some companies are now offering virtual reality experiences, such as virtual museum tours, which has led to a rise in revenue for the industry.
  • The Use Of Blockchain Technology: Some companies in the recorded information industry are now using blockchain technology to improve their services. For example, some companies are using blockchain to create secure and transparent systems for royalty payments, which has led to a rise in efficiency and accuracy.

NAICS Code 512290-03 - Recorded Information

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