NAICS Code 532282-05 - Video Tapes & Discs-Renting & Leasing

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NAICS Code 532282-05 Description (8-Digit)

The Video Tapes & Discs-Renting & Leasing industry involves the rental and leasing of DVDs, Blu-ray discs, and video tapes to consumers for personal use. This industry is a subset of the larger video rental industry and has been impacted by the rise of digital streaming services. However, there is still a demand for physical media rentals, particularly for older or hard-to-find titles.

Hierarchy Navigation for NAICS Code 532282-05

Parent Code (less specific)

Tools

Tools commonly used in the Video Tapes & Discs-Renting & Leasing industry for day-to-day tasks and operations.

  • Barcode scanners
  • Point-of-sale (POS) systems
  • Inventory management software
  • Security systems (e.g. cameras, alarms)
  • Cleaning supplies (e.g. disc cleaners, cases)
  • Label makers
  • Display racks and shelving
  • Customer management software
  • Payment processing systems
  • Delivery vehicles

Industry Examples of Video Tapes & Discs-Renting & Leasing

Common products and services typical of NAICS Code 532282-05, illustrating the main business activities and contributions to the market.

  • DVD rental services
  • Blu-ray disc rental services
  • Video tape rental services
  • Movie rental kiosks
  • Online video rental services
  • Physical media subscription services
  • Independent video rental stores
  • Franchise video rental stores
  • College campus video rental services
  • Hotel video rental services

Certifications, Compliance and Licenses for NAICS Code 532282-05 - Video Tapes & Discs-Renting & Leasing

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

  • Motion Picture Licensing Corporation (MPLC) Umbrella License: This license is required for businesses that want to show movies or TV shows to their customers. The MPLC provides this license, which allows businesses to show movies and TV shows from over 1,000 studios and producers.
  • Public Performance Rights (PPR) License: This license is required for businesses that want to show movies or TV shows to their customers. The PPR license allows businesses to show movies and TV shows from specific studios and producers.
  • Business License: A business license is required for all businesses operating in the US. This license is issued by the local government and allows businesses to operate legally.
  • Sales Tax Permit: A sales tax permit is required for businesses that sell or rent tangible goods in the US. This permit is issued by the state government and allows businesses to collect and remit sales tax.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that have employees. The OSHA certification ensures that businesses are following safety regulations and providing a safe working environment for their employees.

History

A concise historical narrative of NAICS Code 532282-05 covering global milestones and recent developments within the United States.

  • The "Video Tapes & Discs-Renting & Leasing" industry has a rich history that dates back to the 1970s when the first video rental stores emerged in the United States. The industry experienced significant growth in the 1980s and 1990s, with the introduction of VHS and DVD formats. Blockbuster, one of the largest video rental chains, was founded in 1985 and quickly became a household name. However, with the rise of digital streaming services, the industry began to decline in the early 2000s. In 2010, Blockbuster filed for bankruptcy, and by 2013, the company had closed all of its remaining stores. Despite the decline of physical media, the industry has adapted to the changing landscape by offering online rental services and kiosk rentals. In recent years, the industry has seen a resurgence due to the popularity of retro media and the nostalgia factor. Many independent video rental stores have opened, catering to a niche market of collectors and film enthusiasts. Additionally, some larger chains have adapted to the changing market by offering rental services for video games and other media. Overall, the "Video Tapes & Discs-Renting & Leasing" industry has a rich history of innovation and adaptation, and it continues to evolve in response to changing consumer preferences and technological advancements.

Future Outlook for Video Tapes & Discs-Renting & Leasing

The anticipated future trajectory of the NAICS 532282-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Shrinking

    The industry of Video Tapes & Discs-Renting & Leasing in the USA has been in decline for several years due to the rise of digital streaming services. The COVID-19 pandemic has further accelerated this decline as more people are staying at home and relying on digital streaming services for entertainment. As a result, the future outlook for this industry is bleak. It is expected that the industry will continue to decline in the coming years, with many businesses closing down or transitioning to digital streaming services. However, some businesses may be able to survive by offering niche services or by diversifying their offerings to include other forms of entertainment. Overall, the industry is facing significant challenges and will need to adapt quickly to survive.

Industry Innovations for NAICS Code 532282-05

Recent groundbreaking advancements and milestones in the Video Tapes & Discs-Renting & Leasing industry, reflecting notable innovations that have reshaped its landscape.

  • Redbox: Redbox is a company that offers DVD, Blu-ray, and video game rentals through automated kiosks. The company has been expanding its offerings to include digital rentals and purchases, as well as streaming services.
  • Family Video: Family Video is a chain of video rental stores that has been expanding its offerings to include CBD products and other merchandise. The company has also been experimenting with new store formats, such as drive-thru locations.
  • Alamo Drafthouse: Alamo Drafthouse is a movie theater chain that offers food and drinks during screenings. The company has been expanding its offerings to include video rentals and purchases, as well as streaming services.
  • Vidangel: VidAngel is a streaming service that allows users to filter out objectionable content from movies and TV shows. The company has been expanding its offerings to include original content and live events.
  • Fandangonow: FandangoNOW is a streaming service that offers movies and TV shows for rent or purchase. The company has been expanding its offerings to include free ad-supported content, as well as live events and other exclusive content.

NAICS Code 532282-05 - Video Tapes & Discs-Renting & Leasing

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