In this session I discussed industry trends.
Franchised Intellectual Property (FIP)
Licensed use of property belonging to the franchiser and/or creator. Game mash ups. Big franchises would include Battlefield, Call of Duty, Mario, The legend of Zelda etc. These have all been successful, but there are unsuccessful franchises like no man’s sky. Many franchises meet others as well, for example, super smash bros.
Original IP (Intellectual Property)
Refers to ideas and creations. Laws like copyright can protect your intellectual property. If you breached these laws, you would be taken to court.
Sequels
There is a lot of pressure on a games company when making a sequel due to demand and expectations of fans.
Discounted Sales
Discounted Sales are when any number of games are reduced for a limited time. Recently, there is a discount phenomenon, the biggest of which would be Black Friday, where you can find all kinds of gaming products from consoles and TVs to games themselves.
Comparison to Film Industry
Industry worth more than Hollywood, but games and films constantly have adaptations of each other. There are currently multiple films coming out in the recent future that are game adaptations like Assassins Creed and Slenderman.