Meaning of spin off in English:

spin off

phrasal verb

spin something off, spin off something
  • 1(of a parent company) turn a subsidiary into a new and separate company.

    • ‘the corporation announced plans to spin off its computer systems arm’
    1. 1.1Produce something new based on a popular television programme, film, personality, etc.
      ‘the group hopes to spin off a TV series based on the movie’
      • ‘The companies began as subsidiaries of Cabletron, with the plan to eventually spin them off as separate public companies.’
      • ‘If the dismal finances persist, some carriers may try to unlock the value of their miles programs by spinning them off as separate publicly traded companies.’
      • ‘The bankers told us it was a fantastic opportunity to create a separate entity, spin it off, and make lots of money.’
      • ‘The company could sell the unit or go ahead with its original plan of spinning it off as a separate entity.’
      • ‘Eventually, it was spun off into a separate corporate entity with the mandate to dominate the Canadian market in the refinancing, rebuilding and running of aging public municipal infrastructure.’
      • ‘Well, many companies in the service industry support manufacturers and in some cases have been spun off from them.’
      • ‘Selling it or spinning it off would also raise needed cash.’
      • ‘Profits have rocketed since the company started buying assets around the world and spinning them off into separately listed trusts which, so far, have gone on to outperform the wider markets.’
      • ‘But the new parent grew wary of its subsidiary's risky hazardous waste work and sought to spin it off five years later.’
      • ‘And he's hinted that he'd like to combine all his satellite assets into one unit and spin it off publicly.’