A franchise is the word given to multiple versions of a business model. In the entertainment industry, a franchise is different movies that share the same world, or are part of the same series. Famous franchises include the Harry Potter series, which includes ten films and spin off films set in the same wizarding world of magic, but with different plots and characters. Harry Potter is one of the biggest and most successful franchises in the world. It began as a book series, but now the franchise also includes theatre productions, toys and games.
The biggest film franchise is the Marvel Cinematic Universe as it has a worth of 25.56 billion dollars. Other large film franchises include Star Wars, Spider-Man, Harry Potter, and the James Bond franchise. The Avengers, Fast and Furious, X-Men, Batman, and The Hobbit are also part of the largest franchises ever created.
A film franchise consists of a collection of films that are related in themes or stories released in a succession and share the same fictional universe and are marketed as a series. Film franchises often captivate large audiences and are sometimes adaptations of written stories. Film Franchises are created over multiple years.
The difference between a sequel and a spinoff is that a sequel is created to carry on with the original story with similar characters and universe as opposed to a spin-off where the show is inspired by the original show but can have any narrative.