Definition, Meaning & Synonyms
spinoff
noun
/ˈspɪn.ɔf/
Definition
A spinoff is a new entity that emerges from a larger organization or company, often created by leveraging part of its assets or divisions.
Examples
- The tech giant announced a spinoff that focuses on renewable energy solutions.
- Her popular TV show led to a spinoff series that attracted its own fanbase.
- The pharmaceutical company planned a spinoff to specialize in biotechnology.
Meaning
The term commonly refers to a situation where a company creates a new independent company or product based on its existing operations, technologies, or intellectual properties.
Synonyms
- derivative
- division
- offshoot
- subsidiary
