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A portmanteau of "fad" and "franchise". It refers to a media property that initially garnered massive hype and peaked in popularity before rapidly becoming irrelevant, widely mocked or outdated.

Where timeless classics succeed at maintaining long-term cultural relevance, fadchises fail to do so once the initial trend dies down.
Man: "Slender Man exploded into popularity that garnered a multimedia franchise. But over the years, it lost modern day relevance and became a fadchise."
fadchise by HeroesSquad May 20, 2026
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fanchise 

A fan of some series that seems to have permission from the original copyright holders to make merchandise, regardless of being parody or not.
It appears the creator of Yugioh:The Abridged Series has a fanchise going on. The creators of Yugioh apparently really liked his work, and he hasn't gotten in trouble for the merchandise that he sells even though some of it isn't really a parody.
fanchise by Gorago August 25, 2010
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The recent boom in consumer spending on entertainment and experiences with a high demand running up the cost of enjoying of those experiences.
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