spinoff

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.

The new company formed by such a divestiture.

Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.

Something derived from an earlier work, such as a television show starring a character who had a popular minor role in another show.

Alternative spelling of spin-off.