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NAICS Code 711130-03 Description (8-Digit)

Music-Entertainment is a dynamic industry that involves the creation, production, and performance of music for entertainment purposes. This industry encompasses a wide range of activities, from live performances to music production and distribution. Music-Entertainment is a highly competitive industry that requires a great deal of creativity, talent, and hard work to succeed.

Hierarchy Navigation for NAICS Code 711130-03

Parent Code (less specific)

Tools

Tools commonly used in the Music-Entertainment industry for day-to-day tasks and operations.

  • Digital Audio Workstations (DAWs) such as Pro Tools, Logic Pro, and Ableton Live
  • Virtual Instruments and Sample Libraries
  • MIDI Controllers
  • Audio Interfaces
  • Studio Monitors
  • Microphones and Mic Stands
  • Music Notation Software
  • DJ Equipment such as Turntables and Mixers
  • Lighting and Visual Effects Equipment
  • Social Media Management Tools

Industry Examples of Music-Entertainment

Common products and services typical of NAICS Code 711130-03, illustrating the main business activities and contributions to the market.

  • Concert Promotion
  • Music Festivals
  • Music Production
  • Music Publishing
  • Music Licensing
  • Music Streaming Services
  • Music Retail
  • Music Education
  • Music Therapy
  • Sound Design

Certifications, Compliance and Licenses for NAICS Code 711130-03 - Music-Entertainment

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

  • Music Licensing: Music licensing is required for any business that plays music in public, such as bars, restaurants, and music venues. The American Society of Composers, Authors, and Publishers (ASCAP), Broadcast Music, Inc. (BMI), and the Society of European Stage Authors and Composers (SESAC) are the three main performing rights organizations in the US that provide music licensing. [1]
  • Business License: A business license is required for any business operating in the US. The requirements for a business license vary by state and locality. The Small Business Administration (SBA) provides information on how to obtain a business license. [2]
  • Copyright Registration: Copyright registration is not required by law, but it provides legal protection for original works of authorship, including music. The US Copyright Office provides information on how to register a copyright. [3]
  • Trademark Registration: Trademark registration is not required by law, but it provides legal protection for a business's name, logo, or slogan. The US Patent and Trademark Office provides information on how to register a trademark. [4]
  • Sales Tax Permit: A sales tax permit is required for any business that sells goods or services subject to sales tax. The requirements for a sales tax permit vary by state. The US Small Business Administration provides information on how to obtain a sales tax permit. [5]

History

A concise historical narrative of NAICS Code 711130-03 covering global milestones and recent developments within the United States.

  • The "Music-Entertainment" industry has a rich and diverse history worldwide. The earliest forms of music entertainment can be traced back to ancient civilizations, where music was used for religious and cultural ceremonies. In the 20th century, the industry saw significant growth with the advent of radio, which allowed for the widespread distribution of music. The introduction of vinyl records, cassette tapes, and CDs further revolutionized the industry, making music more accessible to the masses. The rise of digital music in the 21st century has led to the creation of new business models, such as music streaming services like Spotify and Apple Music, which have disrupted the traditional music industry. In the United States, the "Music-Entertainment" industry has a long and storied history. The 1920s saw the rise of jazz music, which became a cultural phenomenon and helped to shape the music industry for decades to come. The 1950s and 1960s saw the emergence of rock and roll, which became a dominant force in the industry. The 1980s and 1990s saw the rise of hip hop and rap music, which brought new sounds and styles to the mainstream. In recent years, the industry has been shaped by the rise of digital music and the proliferation of music streaming services. Overall, the "Music-Entertainment" industry has a rich and varied history that continues to evolve with the times.

Future Outlook for Music-Entertainment

The anticipated future trajectory of the NAICS 711130-03 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 Music-Entertainment industry in the USA is positive. The industry is expected to grow due to the increasing demand for live music events and concerts. The rise of digital music streaming services has also contributed to the growth of the industry. The industry is expected to continue to innovate and adapt to new technologies to provide better experiences for consumers. However, the industry may face challenges due to the ongoing COVID-19 pandemic, which has led to the cancellation of many live events and concerts. Despite this, the industry is expected to recover and continue to grow in the coming years.

Industry Innovations for NAICS Code 711130-03

Recent groundbreaking advancements and milestones in the Music-Entertainment industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Concerts: With the rise of digital technology, many artists have started to perform virtual concerts, allowing fans to enjoy live music from the comfort of their own homes.
  • Livestreaming: Many artists have started to livestream their performances on social media platforms, allowing fans to watch their favorite artists perform live from anywhere in the world.
  • Interactive Experiences: Some artists have started to offer interactive experiences during their concerts, such as virtual reality experiences or interactive light shows.
  • Fan Engagement: Many artists have started to engage with their fans through social media, offering behind-the-scenes content and exclusive access to their music.
  • Sustainable Practices: Some artists have started to incorporate sustainable practices into their tours and concerts, such as using renewable energy sources and reducing waste.

NAICS Code 711130-03 - Music-Entertainment

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