From Longman Dictionary of Contemporary Englishspin off phrasal verbBBCto make part of a company into a separate and partly independent company, or to become a separate companyspin something ↔ off At the time of the merger, Loral spun off its space divisions into a separate firm. from Lucent spun off from AT&T several years ago. → spin-off(2) → spin→ See Verb table
Examples from the Corpusspin from• Axcelis entered the market July 11, spun off from Eaton Corp., a Cleveland manufacturing company.• JvNCNet spun off from Princeton University Network.spin-offˈspin-off, spinoff /ˈspɪnɒf $ -ɒːf/ noun [countable] 1 AMTa television programme involving characters that were previously in another programme or film2 a separate and partly independent company that is formed from parts of an existing company, or the action of forming a company in this way3 RESULTan unexpected but useful result of something, that happens in addition to the intended result Laser research has had important spin-offs for eye surgery.
Examples from the Corpusspin-off• "Frasier" was a spin-off from "Cheers."• Within a year of this change virtually every unionized contractor had established spin-off companies.• Research into lasers has had important spin-offs for eye-surgery.• One of the main spin-offs for countries that host the Olympic Games is increased business for hotels, restaurants, and theatres.• The cuts reflect diminished debt protection measures and increased business risk associated with the planned spin-off, it commented.• There are also huge technological spin-offs.• Leaders may personally benefit more than the led but all share in the spin-offs from competent leadership.• General economic arguments, however, omit the spin-off benefits from the inventiveness of financial operators in search of bargains and easy profits.• But there are two spin-off implications for hoteliers.• One unexpected spin-off was the growth of a few genuine friendships.From Longman Business Dictionaryspin something ↔ off phrasal verb [transitive]COMMERCE to form a separate independent organization or unit from part of an existing organizationThe drugs firm was spun off by ICI.The profession needs to spin off its regulatory role to an independent agency. → spin→ See Verb tablespin-offˈspin-off noun [countable]1an unexpected but useful result of something, that happens in addition to the intended resultCollaboration will produce cost savings and other spin-offs.a public relations spin-off2 (also spin-out) especially American EnglishCOMMERCE a separate and partly independent company formed from parts of an existing companyThe board is considering creating a spin-off.