In the United States cable television industry, a cable television franchise fee is an annual fee charged by a local government to a private cable television company as compensation for using public property it owns as right-of-way for its cable.
What is cable television franchise fee?
In the United States cable television industry, a cable television franchise fee is an annual fee charged by a local government to a private cable television company as compensation for using public property it owns as right-of-way for its cable. In the US, cable television services are provided by private for-profit companies, cable television ...
What is a franchise?
What is a Franchise? A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
Who are the people involved in a franchise system?
At least two levels of people are involved in a franchise system: (1) the franchisor, who establishes the brand’s trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
How much does it cost to start a franchise?
By definition, franchises have ongoing fees that must be paid to the franchisor in the form of a percentage of sales or revenue. This percentage can range between 4.6% and 12.5%, depending on the industry 7 .
Why is it important to select a franchisor that routinely and effectively enforces system standards?
What does a franchisor do?
What is franchising relationship?
What is business format franchise?
Why are franchisors important?
What does a franchisee receive from a franchisor?
What is a franchisee responsible for?
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About this website
What does franchise mean in television?
A media franchise, also known as a multimedia franchise, is a collection of related media in which several derivative works have been produced from an original creative work of fiction, such as a film, a work of literature, a television program or a video game.
What does franchise mean in film?
For this list, a franchise is defined as a film series, or a collection of films, that share the same fictional universe or have been marketed as a series.
How does a movie franchise work?
Franchise movie is a movie collection which has stories from the same universe. It also knows as the movie series. They made because of the fans who are consistent to follow the franchise. Marvel Cinematic Universe is the example of a franchise.
What media franchise is most profitable?
The top 25 highest grossing media franchises of all time worldwide (by total revenue in U.S. dollars) are as follows:Pokémon – $92.121 billion.Hello Kitty – $80.026 billion.Winnie the Pooh – $75.034 billion.Mickey Mouse & Friends – $70.587 billion.Star Wars – $65.631 billion.Anpanman – $60.285 billion.More items...
What is the biggest movie franchise of all time?
Key TakeawaysThe highest-grossing movie franchise of all time is the Marvel Cinematic Universe.The top two highest-grossing franchises, the Marvel Cinematic Universe and Star Wars, are both owned by Disney.Four of the five highest-grossing franchises are based on either a series of comic books or a series of novels.
What's the longest movie franchise?
The 10 Best Longest-Running Movie Franchises5/10 Godzilla Is The Longest-Running Movie Franchise.4/10 Harry Potter Connected With An Entire Generation.3/10 Batman Has A Long History With Cinema.2/10 Star Wars Changed Movie Franchises Forever.1/10 The Marvel Cinematic Universe Reigns Supreme.More items...•
What actor has been in the most franchises?
Dwayne Johnson & 9 Other Actors Who Are Part Of Multiple Blockbuster Franchises8/10 Hugo Weaving. ... 7/10 Johnny Depp. ... 6/10 Karl Urban. ... 5/10 Vin Diesel. ... 4/10 Harrison Ford. ... 3/10 Cate Blanchett. ... 2/10 Samuel L. ... 1/10 Dwayne Johnson.More items...•
How many movies is considered a franchise?
Films that are considered franchises in this compilation meet most of these criteria (in summary): they normally have at least three significant films in the series (including sequels)
How do film franchises succeed?
A franchise's greatest strength, however, is its characters. Beloved characters can carry even weaker entries and keep audiences invested. One of the advantages of a franchise is getting to watch characters grow and learn over multiple installments, and audiences will sometimes follow these journies for years.
What is the number 1 franchise in the world?
McDonald'sMcDonald's The company enjoys over $90 billion in global sales and represents the largest franchise network in the world.
Is Starbucks a franchise?
Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth. Many companies offer franchises.
How much is the Batman franchise worth?
Global Box Office: Globally, the Batman franchise has grossed over $5 billion.
What is a simple definition of franchise?
A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
What is an example of a franchise?
Examples of well-known franchise business models include McDonald's (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB).
What is the main purpose of franchising?
Franchising allows bigger businesses to branch out and grow while giving people the opportunity to run their own business with the help and support of a larger company that has a proven formula for success.
What is franchising give an example?
Franchising is a business relationship between two entities wherein one party allows another to sell its products and intellectual property. For example, several fast food chains like Dominos and McDonalds operate in India through franchising.
What Is a Franchise, and How Does It Work? - Investopedia
Franchise: A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes, and trademarks in ...
What is Franchising? Definition and Meaning | FranchiseDirect.com
Franchising is a major force in the business world. Consider this… • There are over 745,000 franchise locations in the United States. • There are approximately 3,800 franchise systems operating in the United States, as of the beginning of 2019. • Over the past few years, 250 to 300 businesses annually have developed their concept into a franchise.
The 42 Best Franchise Opportunities to Buy & Own in 2022 - HubSpot
1. McDonald's. Category: Fast-Food Franchise Franchise fee: $45,000 Initial investment: $1,008,000 to $2,214,080 Liquid cash requirement: $500,000 minimum Royalty fee: 4-5% Financing available: Yes, through third-party lenders Franchise details: McDonald's If you want golden arches of your own, you'll need to put in a hefty initial investment.
What is International franchising? Definition and meaning
International franchising. A system based on the licensing of the right to duplicate a successful business format in foreign markets. The franchisor grants to the franchisee the exclusive power to distribute its products or services in establishments which are equivalently equipped and furnished, as well as the right to use Intellectual Property Rights (commercial signs, brands, trademarks etc.).
How to Franchise Your Business - Small Business Trends
READ MORE: The Importance Of Words in Franchising 6. Register an FDD. In some states, franchisors are required to register their FDD with the state government. This registration process is typically handled by the franchisor’s attorney.
Why is it important to select a franchisor that routinely and effectively enforces system standards?
This is important to you as enforcement of brand standards by the franchisor is meant to protect franchisees from the possible bad acts of other franchisees that share the brand with them. Since customers see franchise systems as a branded chain of operations, great products and services delivered by one franchisee benefits the entire system. The opposite is also true.
What does a franchisor do?
The franchisor provides the franchisee with franchising leadership and support, and exercises some controls to ensure the franchisee’s adherence to brand guidelines. In exchange, the franchisee usually pays the franchisor a one-time initial fee (the franchise fee) and a continuing fee (known as a royalty) for the use of ...
What is franchising relationship?
Franchising Is About Relationships. Many people, when they think of franchising, focus first on the law. While the law is certainly important, it is not the central thing to understand about franchising. At its core, franchising is about the franchisor’s brand value, how the franchisor supports its franchisees, ...
What is business format franchise?
In a business format franchise, the franchisor provides to the franchisee not just its trade name, products and services, but an entire system for operating the business.
Why are franchisors important?
Great franchisors provide systems, tools and support so that their franchisees have the ability to live up to the system’s brand standards and ensure customer satisfaction. And, franchisors and all of the other franchisees expect that you will independently manage the day-to-day operation of your businesses so that you will enhance the reputation of the company in your market area.
What does a franchisee receive from a franchisor?
The franchisee generally receives site selection and development support, operating manuals, training, brand standards, quality control, a marketing strategy and business advisory support from the franchisor. While less identified with franchising, traditional or product distribution franchising is larger in total sales than business format ...
What is a franchisee responsible for?
The franchisee is responsible for the day-to-day management of its independently owned business and benefits or risks loss based on his own performance and capabilities. Investing in a franchise or becoming a franchisor can be a great opportunity.
What Is a Franchise?
A franchise is a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks , thus allowing the franchisee to sell a product or service under the franchisor's business name . In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and annual licensing fees .
What Are the Risks of Franchises?
Disadvantages include heavy start-up costs as well as ongoing royalty costs. By definition, franchises have ongoing fees that must be paid to the franchisor in the form of a percentage of sales or revenue. This percentage can range between 4.6% and 12.5%, depending on the industry.
How Does the Franchisor Make Money?
Typically, a franchise agreement includes three categories of payment to the franchisor. First, the franchisee must purchase the controlled rights , or trademark , from the franchisor in the form of an upfront fee. Second, the franchisor often receives payment for providing training, equipment, or business advisory services. Finally , the franchisor receives ongoing royalties or a percentage of the operation's sales.
What is franchise contract?
Franchise Basics and Regulations. Franchise contracts are complex and vary for each franchisor. Typically, a franchise agreement includes three categories of payment to the franchisor. First, the franchisee must purchase the controlled rights, or trademark, from the franchisor in the form of an upfront fee.
What does a franchisor receive?
Finally, the franchisor receives ongoing royalties or a percentage of the operation's sales. A franchise contract is temporary, akin to a lease or rental of a business.
How long does a franchise contract last?
It does not signify business ownership by the franchisee. Depending on the contract, franchise agreements typically last between five and 30 years, with serious penalties if a franchisee violates or prematurely terminates the contract.
When a business wants to increase its market share or geographical reach at a low cost, it may franchise its product?
When a business wants to increase its market share or geographical reach at a low cost, it may franchise its product and brand name. A franchise is a joint venture between franchisor and franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor's goods or services under an existing business model and trademark .
Star Trek Franchise
Star Trek Star Trek: The Next Generation Star Trek: Deep Space Nine Star Trek: Voyager Star Trek: Enterprise Star Trek: Discovery Star Trek: Picard
Star Wars TV Franchise
Star Wars: Droids Ewoks Star Wars: The Clone Wars Star Wars Rebels Star Wars Resistance The Mandalorian
Scooby-Doo Franchise
Scooby-Doo, Where Are You! The New Scooby-Doo Movies The Scooby-Doo Show Scooby's All-Star Laff-A-Lympics What's New, Scooby-Doo? A Pup Named Scooby-Doo Scooby-Doo! Mystery, Inc. The Scooby-Doo Show The 13 Ghosts of Scooby-Doo Scooby-Doo and Scrappy-Doo The New Scooby and Scrappy-Doo Show Be Cool, Scooby-Doo!
Arrowverse Franchise
Arrow The Flash Supergirl Legends of Tomorrow Black Lightning Batwoman
Breaking Bad Franchise
Breaking Bad Talking Bad Better Call Saul Talking Saul El Camino: A Breaking Bad Movie
DC Animated Universe Franchise
Batman: The Animated Series Superman: The Animated Series The New Batman Adventures Batman Beyond Static Shock The Zeta Project Justice League Justice League Unlimited
Happy Days Franchise
Happy Days Laverne & Shirley Blansky's Beauties Mork & Mindy Out of the Blue Joanie Loves Chachi The Fonz and the Happy Days Gang Laverne & Shirley
What is the 542 F?
Section 542 (f) of the Communications Act says "A cable operator may designate that portion of a subscriber's bill attributable to the franchise fee as a separate item on the bill." Most cable providers choose to list this item on customer's bills, so every customer will see it each time they pay their bill. This has become a source of contention and controversy, since how franchise fees are characterized and billed can have a profound effect on public attitudes toward cable television.
What is a cable franchise fee?
In the United States cable television industry, a cable television franchise fee is an annual fee charged by a local government to a private cable television company as compensation for using public property it owns as right-of-way for its cable. In the US, cable television services are provided by private for-profit companies, ...
How long does a franchise fee last?
It can be renegotiated when the franchise agreement comes up for renewal, usually at intervals of 10 to 12 years. Although it is paid to a government, it is not ...
How many categories of franchise fees are there?
Justifications or rationales for the franchise fee fall into six basic categories:
What is exclusive compensation?
Exclusivity - compensation to the government for allowing the cable operator to maintain a de facto monopoly on cable service in the area.
What is the maximum amount of revenue a municipality can receive from cable?
Section 622, states that municipalities are entitled to a maximum of 5% of gross revenues derived from the operation of the cable system for the provision of cable services such as Public, educational, and government access (PEG) TV channels.
Is the cable fee a tax increase?
Cable providers, in contrast, see the fee as a cost of doing business which they are passing along to the customer. By listing on their bill the portion attributable to the fee, customers may feel that government is responsible for that portion, not the cable provider. Also, since customers will immediately notice any increase in the fee, and may interpret it as a "tax increase", listing it on the bill may discourage governments from pushing for an increase in the fee when the franchise agreement is renewed.
Why is it important to select a franchisor that routinely and effectively enforces system standards?
This is important to you as enforcement of brand standards by the franchisor is meant to protect franchisees from the possible bad acts of other franchisees that share the brand with them. Since customers see franchise systems as a branded chain of operations, great products and services delivered by one franchisee benefits the entire system. The opposite is also true.
What does a franchisor do?
The franchisor provides the franchisee with franchising leadership and support, and exercises some controls to ensure the franchisee’s adherence to brand guidelines. In exchange, the franchisee usually pays the franchisor a one-time initial fee (the franchise fee) and a continuing fee (known as a royalty) for the use of ...
What is franchising relationship?
Franchising Is About Relationships. Many people, when they think of franchising, focus first on the law. While the law is certainly important, it is not the central thing to understand about franchising. At its core, franchising is about the franchisor’s brand value, how the franchisor supports its franchisees, ...
What is business format franchise?
In a business format franchise, the franchisor provides to the franchisee not just its trade name, products and services, but an entire system for operating the business.
Why are franchisors important?
Great franchisors provide systems, tools and support so that their franchisees have the ability to live up to the system’s brand standards and ensure customer satisfaction. And, franchisors and all of the other franchisees expect that you will independently manage the day-to-day operation of your businesses so that you will enhance the reputation of the company in your market area.
What does a franchisee receive from a franchisor?
The franchisee generally receives site selection and development support, operating manuals, training, brand standards, quality control, a marketing strategy and business advisory support from the franchisor. While less identified with franchising, traditional or product distribution franchising is larger in total sales than business format ...
What is a franchisee responsible for?
The franchisee is responsible for the day-to-day management of its independently owned business and benefits or risks loss based on his own performance and capabilities. Investing in a franchise or becoming a franchisor can be a great opportunity.
What Is A Franchise?
Understanding Franchises
- When a business wants to increase its market share or geographical reach at a low cost, it may franchise its product and brand name. A franchise is a joint venture between a franchisor and a franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor's goods or services under an existing business m…
Franchise Basics and Regulations
- Franchise contracts are complex and vary for each franchisor. Typically, a franchise agreement includes three categories of payment to the franchisor. First, the franchisee must purchase the controlled rights, or trademark, from the franchisor in the form of an upfront fee. Second, the franchisor often receives payment for providing training, equipment, or business advisory servic…
Pros and Cons of Franchises
- There are many advantages to investing in a franchise, and also drawbacks. Widely recognized benefits include a ready-made business formula to follow. A franchise comes with market-tested products and services, and in many cases established brand recognition. If you're a McDonald's franchisee, decisions about what products to sell, how to layout your store, or even how to desig…
Franchise vs. Startup
- If you don't want to run a business based on someone else's idea, you can start your own. But starting your own company is risky, though it offers rewards both monetary and personal. When you start your own business, you're on your own. Much is unknown. "Will my product sell?", "Will customers like what I have to offer?", "Will I make enough money to survive?" The failure rate for …