On Jun 1, 2007, at 2:26 PM, Sean Andrews wrote:
> s that what this category refers to? Owners of various IPR? Would,
> for instance, Michael Jackson, who I understand owns a lot of Beatles
> copyrights, fit within this category? Do they still qualify if they
> are like Microsoft and also make something with the IPR they hold?
> Finally, is this a new category or is it just something Doug noticed
> today?
Not new at all - I just paid attention to it for the first time today. It's very small - it employs 31,000 people, or 0.02% of the U.S. workforce.
The def is in the link <http://www.census.gov/epcd/naics02/def/ NDEF533.HTM> that Woj posted:
> 533 Lessors of Nonfinancial Intangible Assets (except Copyrighted
> Works)
>
> Industries in the Lessors of Nonfinancial Intangible Assets (except
> Copyrighted Works) subsector include establishments that are
> primarily engaged in assigning rights to assets, such as patents,
> trademarks, brand names, and/or franchise agreements for which a
> royalty payment or licensing fee is paid to the asset holder.
> Establishments in this subsector own the patents, trademarks, and/
> or franchise agreements that they allow others to use or reproduce
> for a fee and may or may not have created those assets.
>
> Establishments that allow franchisees the use of the franchise
> name, contingent on the franchisee buying products or services from
> the franchisor, are classified elsewhere.
>
> Excluded from this subsector are establishments primarily engaged
> in leasing real property and establishments primarily engaged in
> leasing tangible assets, such as automobiles, computers, consumer
> goods, and industrial machinery and equipment. These establishments
> are classified in Subsector 531, Real Estate and Subsector 532,
> Rental and Leasing Services, respectively.