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A corporate spin-off, also known as a spin-out, [1] or starburst or hive-off, [2] is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. [3]
A spin-off [3] (also spelled spinoff) [4] is derived from already existing works that focus on more details and different aspects from the original work (e.g. particular topics, characters or events), and includes books, radio programs, television programs, films, video games, or any narrative work in any medium.
The three types of corporate divisions are commonly known as spin-offs, split-offs and split-ups. The spin-off involves a distribution of property to shareholders without the surrender of any stock, which thus resembles a dividend. The split-off resembles a redemption because the shareholders have relinquished stock of the distributing corporation.
Comcast said in late October that it had begun to explore spinning off its cable TV networks into a separate business, sending the stock up more than 3% the same day, Yahoo Finance’s Alexandra ...
The tax-free spin-off is expected to take a year to complete. "The most likely buyers of these cable channels are private equity firms or other media conglomerates," said Emarketer analyst Ross Benes.
A spin-off in television is a new series containing characters or settings that originated in a previous series, but with a different focus, tone, or theme. For example, the series Frasier was a spin-off of the earlier series Cheers: the character Frasier Crane was introduced as a secondary character on Cheers, and became the protagonist of his own series, set in a different city, in the spin-off.
The newest spin-off films are Rogue One in 2016 and Solo: A Star Wars Story in 2018. The film The Lion King 1½ is a prequel, sidequel and spin-off from The Lion King franchise about the characters Timon and Pumbaa. Turning Point is a spin-off of TVB's E.U. which focuses the life of Michael Tse's character, "Laughing", before the events of E.U..
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