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Spin-offs

Spin-offs are new entities or products that are created as a result of the separation from an existing company or organization. It involves launching a separate company or division that becomes independent from its parent company.

Sense 1: Business

Noun: In the business context, a spin-off refers to a new company or organization that is formed by splitting off a part of an existing company. It usually occurs when a company wants to focus on a particular area of its business or when it wants to unlock the value of a subsidiary.

Example sentence: The technology giant announced the spin-off of its semiconductor division to allow it to pursue its own growth and strategic initiatives.

Sense 2: Entertainment

Noun: In the entertainment industry, a spin-off refers to a new show, movie, or book that is based on or derived from an already existing show, movie, or book. It usually features characters, settings, or storylines that were introduced in the original work.

Example sentence: The popular TV series had several spin-offs that explored the lives of secondary characters in more detail.

Sense 3: Finance

Noun: In finance, a spin-off refers to the distribution of shares of a subsidiary or a separate company to the shareholders of an existing company, resulting in the subsidiary becoming an independent entity. This allows the original company to focus on its core operations and enables the shareholders to directly own shares in both companies.

Example sentence: The spin-off of the company's retail division led to an increase in shareholder value as both the parent company and the new subsidiary gained market recognition.

Sense 4: Technology

Adjective: In the technology sector, spin-off is used to describe a product or technology that is derived or developed from existing technology. It often refers to innovations or developments that are built upon the foundation of previous ideas or inventions.

Example sentence: The company introduced a spin-off product that incorporated advanced features from their flagship device.

For related products, you can search on Amazon to find books, movies, or shows that are spin-offs from popular franchises or companies.