Major Group SIC 78 - Motion Pictures

SIC 78 - Motion Pictures

SIC 78 - Motion Pictures
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments producing and distributing motion pictures, exhibiting motion pictures in commercially operated theaters, and furnishing services to the motion picture industry. The term motion pictures, as used in this major group, includes similar productions for television or other media using film, tape, or other means.

Industry trends:

The motion picture industry (NAICS 78) is witnessing several key qualitative trends. One significant trend is the increasing dominance of streaming platforms over traditional box office releases. Companies like Netflix, Amazon Prime, and Disney+ are investing heavily in original content, aiming to capture and retain a growing subscriber base. This shift has led to shorter theatrical windows, where movies are available online much sooner.

Another trend is the growing emphasis on diverse and inclusive storytelling. Audiences are demanding representation, and studios are responding by producing films that feature diverse casts and address a broader range of cultural and social issues. This change is not only seen in front of the camera but also behind the scenes, with more diverse creators being given opportunities.

Technological advancements are further shaping the industry. The use of CGI, virtual production techniques, and advancements in filming equipment are enabling filmmakers to create visually stunning and immersive content, often at lower costs. This also ties into the rise of virtual and augmented reality experiences in film, offering new ways for audiences to engage with content.

Looking ahead, forecasts indicate that these trends will continue to evolve. The streaming war is expected to intensify, with companies vying for exclusive rights and high-profile talent. The industry's push toward inclusivity and representation will likely grow stronger, creating a more diverse array of movies. Technological integration in filmmaking will further expand, making high-end production accessible to smaller studios and independent filmmakers.

This industry is comprised of:

SIC 781 - Motion Picture Production And Allied Services

SIC 782 - Motion Picture Distribution And Allied Services

SIC 783 - Motion Picture Theaters

SIC 784 - Video Tape Rental

Explore related industries:

SIC 27 - Printing, Publishing, And Allied Industries SIC 48 - Communications SIC 79 - Amusement And Recreation Services

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