spinoff

n.

1. 1. A divestiture by a corporation of a division or subsidiary by issuing to stockholders shares in a new company set up to continue the operations of the division or subsidiary.
   2. The new company formed by such a divestiture.
2. Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.
3. Something derived from an earlier work, such as a television show starring a character who had a popular minor role in another show.

The creation of an independent company through the sale or distribution of new shares of an existing business/division of a parent company. A spinoff is a type of divestiture.

Investopedia Says:
Businesses wishing to 'streamline' their operations often sell less productive, or unrelated subsidiary businesses as spinoffs. The spun-off companies are expected to be worth more as independent entities than as parts of a larger business.

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Form of corporate Divestiture that results in a subsidiary or division becoming an independent company. In a traditional spin-off, shares in the new entity are distributed to the parent corporation's shareholders of record on a Pro Rata basis. Spin-offs can also be accomplished through a Leveraged Buyout by the subsidiary or division's management, or through an Employee Stock Ownership Plan (ESOP).

Television program derived from situations or characters in another television program. For example, the show Frasier was derived from characters who first appeared on the show Cheers.

Type of corporate reorganization in which the original corporation transfers some of its assets to a newly formed corporation. In exchange for the assets, the original corporation receives all of the new corporation's capital stock, which it then distributes to its shareholders as a property dividend.

noun

Something derived from another: byproduct, derivation, derivative, descendant, offshoot, outgrowth. See kin.

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Dansk (Danish)
n. - biprodukt

Français (French)
n. - retombée favorable, sous-produit, (TV, Cin) adaptation

Deutsch (German)
n. - Nebenprodukt

Ελληνική (Greek)
n. - εκμεταλλεύσιμο παραπροϊόν

Italiano (Italian)
sussidiaria

Português (Portuguese)
n. - desmembramento (m) (Econ.), algo útil e inesperado resultante de atividade, produto secundário (m), seriado televisivo com personagem oriundo de seriado anterior (m)

Русский (Russian)
новая серия многосерийного фильма, дополнительная выгода, побочный результат или продукт, образование новой или дочерней компании

Español (Spanish)
n. - descubrimiento secundario, resultados indirectos, transferencia de activos, repercusión

Svenska (Swedish)
n. - resultat, spin off, biprodukt

中文（简体）(Chinese (Simplified))
资产分派, 副产品, 让产易股, 意外收获

中文（繁體）(Chinese (Traditional))
n. - 資產分派, 副產品, 讓產易股, 意外收穫

한국어 (Korean)
n. - 모회사가 소유 또는 분할하게 된 자회사의 주를 모회사의 주주에게 배분하는 일, 부산물 파급 효과, 노이로제

日本語 (Japanese)
n. - スピンオフ, 副産物

עברית (Hebrew)
n. - ‮תוצר לוואי, תוצאה נגררת‬

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