Satire "is often strictly defined as a literary genre or form; although, in practice, it is also found in the graphic and performing arts. In satire, human or individual vices, follies, abuses, or shortcomings are held up to censure by means of ridicule, derision, burlesque, irony, or other methods, ideally with the intent to bring about improvement.^[1] Although satire is usually meant to be funny, the purpose of satire is not primarily humour in itself so much as an attack on something of which the author strongly disapproves, using the weapon of wit."

A parody (pronounced [ˈpɛɹədiː]US, [ˈpaɹədiː]UK, also called send-up or spoof), in contemporary usage, is a work created to mock, comment on, or poke fun at an original work, its subject, or author, or some other target, by means of humorous, satiric or ironic imitation. As the literary theorist Linda Hutcheon (2000: 7) puts it, "parody … is imitation with a critical difference, not always at the expense of the parodied text." Another critic, Simon Dentith (2000: 9), defines parody as "any cultural practice which provides a relatively polemical allusive imitation of another cultural production or practice."Parody may be found in art or culture, including literature, music (although "parody" in music has a rather wider meaning than for other art forms), and cinema. Parodies are sometimes colloquially referred to as spoofs or lampoons.

Diffrence Between Satire and Parody

SATIRE

• "A satire is a piece of writing in which the subject is exposed to ridicule of some kind, usually in attempts to provoke or prevent a change. Satire can use any point of view."
• "A satire doesn't have to be comedic (and is oftentimes quite the opposite), while a parody almost always has some bit of humor involved in its creation (even if that humor is only found by the author himself)"
• "A satire's main purpose is to be political, social, or moral and not humerous. A humerous satire tends to be so in subtle ways, usually utilizing deadpan or irony in large doses."
  

PARODY

• "A parody is a form of satire that mimics another piece of work in order to ridicule it. Parodies exist in all forms of media, including music and movies. A parody is generally written in a humerous manner, for the effect of comedy."
• "Parodies imitate their subject, while imitation is not necessary in a satire."

What is the Difference between Parody and Satire?

Parody is a literary or artistic work that imitates the characteristic style of an author or a work for comic effect or ridicule. Satire is a literary work in which human vice or folly is attacked through irony, derision, or wit.

How Does Fair Use Apply to Parody and Satire?

The test for fair use emphasizes the purpose and economic effect of the parody or satiric work. The test doesn't simply ask how much was taken, but rather the purpose served by the taking and the reasonableness of the taking in light of the purpose.

What Factor of the Fair Use Test is Most Important?

As long as the purpose is parody, the amount taken is not decisive. The interplay of purpose of the use with the economic effect plays out as the most important factors. So long as the purpose of the use is parody, the economic effect is negated by the fact that authors seldom parody themselves or license others to do so.

What Qualifies as a Parody?

Parody is a transformative use creating a new work of a different character. It is not within the scope of the original author's expectations of profit.

Does it Matter if I Take the "Heart" of the Original to Create a Parody?

No. First, because parody relies on the very nature and "heart" of the original, and second, because "heart" or not, parody takes nothing from the economic expectations of the author.

Since Parody can be Negative Criticism, Might it be an Infringing Activity?

The fact that parody or satire might affect the market does not make it infringing, since the question is not whether it legitimately suppresses market demand through criticism, but whether it unfairly usurps demand through substitution. Parody is generally not a market substitute.

REFERENCES:

http://www.legalmatch.com/law-library/article/parody--satire.html

http://www.wikipedia.org

http://www.writing.com