Franchised IP means to give the right and even the privileged for developing different ideas and releasing them. An example of this is the walking dead as it started as a comic book and still is going today. However, it has been largely developed in to a TV series which has been very successful. Also, it has been developed in to games such as The walking dead survival instincts. In addition, T shirts have been sold with characters from the walking dead on them. This could not take place without the Franchised IP.
Another form of IP is Serialized IP. This is a form of work created from scratch often inspired by other copyrighted works and then built bigger e.g. in to a series. An example is Mario Bros; Shigeru Miyamoto created Mario so he owns the rights and has the privileged over the different Mario games. Original Mario was released in 1983 and has been developed through the years. Also, Mario started off in Donkey Cong but he wasn't called Mario at that time. He was in fact called Jump man.
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