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NAICS Code 711510-04 Description (8-Digit)

The Music & Live Entertainment industry is a subdivision of the NAICS Code 711510, which is dedicated to Independent Artists, Writers, and Performers. This industry involves the creation and performance of music and other forms of live entertainment, such as theater, dance, comedy, and spoken word. It encompasses a wide range of activities, from writing and composing music to producing and promoting live events. The industry is highly competitive and requires a great deal of creativity, talent, and hard work to succeed.

Hierarchy Navigation for NAICS Code 711510-04

Tools

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

  • Digital Audio Workstations (DAWs)
  • MIDI controllers
  • Audio interfaces
  • Microphones
  • Amplifiers
  • Speakers
  • Lighting equipment
  • Fog machines
  • Stage props
  • Musical instruments (e.g. guitars, drums, keyboards)
  • DJ equipment (e.g. turntables, mixers)
  • Ticketing software
  • Social media management tools
  • Event management software
  • Marketing automation tools
  • Customer relationship management (CRM) software
  • Project management tools
  • Accounting software
  • Legal services

Industry Examples of Music & Live Entertainment

Common products and services typical of NAICS Code 711510-04, illustrating the main business activities and contributions to the market.

  • Concert promotion
  • Music festivals
  • Live theater
  • Comedy clubs
  • Dance performances
  • Spoken word events
  • DJ sets
  • Open mic nights
  • Variety shows
  • Busking performances
  • Street performers
  • Circus acts
  • Magic shows
  • Burlesque performances
  • Drag shows
  • Improv comedy
  • Poetry slams
  • Talent shows
  • Karaoke nights
  • Battle of the bands

Certifications, Compliance and Licenses for NAICS Code 711510-04 - Music & Live Entertainment

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

  • Performing Rights License: A license that allows music to be played in public or broadcasted. It is required for businesses that play music, such as bars, restaurants, and radio stations. The Performing Rights Society (PRS) provides this license in the UK.
  • Sound Recording License: A license that allows the use of copyrighted music.
  • It is required for businesses that play recorded music, such as bars, restaurants, and radio stations. The Recording Industry Association of America (RIAA) provides this license in the US.
  • Public Performance License: A license that allows music to be performed in public. It is required for businesses that host live music, such as concert venues and bars. The American Society of Composers, Authors, and Publishers (ASCAP) provides this license in the US.
  • Mechanical License: A license that allows the reproduction and distribution of music. It is required for businesses that sell or distribute music, such as record labels and streaming services. The Harry Fox Agency provides this license in the US.
  • Touring License: A license that allows artists to perform in different locations. It is required for artists who tour in different states or countries. The Artist Visa Company provides this license in the US.

History

A concise historical narrative of NAICS Code 711510-04 covering global milestones and recent developments within the United States.

  • The "Music & Live Entertainment" industry has a rich and diverse history worldwide. Music has been a part of human culture for thousands of years, with evidence of musical instruments dating back to ancient civilizations such as Egypt and Greece. In the 20th century, the music industry saw significant growth with the advent of new technologies such as radio, vinyl records, and eventually digital music. Live entertainment has also been a staple of human culture, with performances ranging from theater to circus acts. In recent years, the industry has seen a shift towards more immersive and interactive experiences, with virtual reality and augmented reality becoming more prevalent. In the United States, the music industry has a particularly rich history, with genres such as jazz, blues, and rock and roll originating in the country. The 20th century saw the rise of music icons such as Elvis Presley, The Beatles, and Michael Jackson, who helped shape the industry and popular culture. The introduction of MTV in the 1980s revolutionized the music industry, making music videos an essential part of an artist's marketing strategy. In recent years, the industry has seen a shift towards streaming services such as Spotify and Apple Music, which have changed the way people consume music. Live entertainment has also seen significant growth in the United States, with events such as Coachella and Lollapalooza drawing massive crowds and generating millions of dollars in revenue.

Future Outlook for Music & Live Entertainment

The anticipated future trajectory of the NAICS 711510-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Music & Live Entertainment industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for live entertainment experiences. The rise of digital streaming platforms has also created new opportunities for the industry, as artists can now reach a wider audience and monetize their content through these platforms. Additionally, the industry is expected to benefit from the growing popularity of music festivals and concerts, which have become a major source of revenue for artists and event organizers. 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 in the long term as the pandemic subsides and live events resume.

Industry Innovations for NAICS Code 711510-04

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

  • Virtual Concerts: With the rise of digital platforms, many artists have started to perform virtual concerts, allowing fans to enjoy live music from the comfort of their own homes.
  • Live Streaming: Many artists have also started to live stream their performances on social media platforms, providing fans with a more intimate and interactive experience.
  • Augmented Reality Experiences: Some artists have started to incorporate augmented reality into their live performances, creating immersive experiences for fans.
  • Fan Engagement: Many artists have started to use social media platforms to engage with their fans, providing behind-the-scenes content and exclusive access to their creative process.
  • Music Festivals: Music festivals have become increasingly popular in recent years, providing fans with a unique and immersive experience that combines music, art, and culture.
  • Collaborations: Many artists have started to collaborate with other artists from different genres, creating new and innovative music that appeals to a wider audience.
  • Sustainable Practices: Some artists and event organizers have started to adopt sustainable practices, such as using renewable energy sources and reducing waste, in order to reduce their environmental impact.
  • Virtual Reality Experiences: Some artists have started to create virtual reality experiences that allow fans to immerse themselves in their music and performances.
  • Interactive Installations: Some music festivals and events have started to incorporate interactive installations and art exhibits, providing fans with a more immersive and engaging experience.
  • Social Activism: Many artists have started to use their platform to raise awareness about social and political issues, inspiring their fans to take action and make a positive impact in their communities.

NAICS Code 711510-04 - Music & Live Entertainment

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