spin off
This term describes the act of derivation and separation. In a corporate context, it carries a neutral to positive connotation of strategic optimization, suggesting that a division is mature enough to thrive as an independent entity. It is a technical term used frequently in business journalism and financial reports.
In the entertainment industry, the term refers to the expansion of a fictional universe. It implies a parasitic yet symbiotic relationship where the new work leverages the established popularity of the original source material to ensure an immediate audience.
Meanings
To create a new, independent company or entity from an existing larger organization by separating a specific division or department.
The corporation decided to spin off its cloud computing division into a separate public company.
Phrasal Verbs
spin off
to create a new entity from an existing one
The company decided to spin off its logistics arm.