In such genre fiction, the term parallels the usage in television as it is usually meant to indicate work signifying a substantial change in narrative viewpoint and activity from that (previous) storyline based around the activities of the series' principal protagonist(s) and so is a shift to that action and overall narrative thread of some other protagonist(s), which now becomes the central or main thread (storyline) of the new sub-series. The new protagonist generally appears first as a minor or supporting character in the main story line within a given milieu, and it is very common for the previous protagonist to have a supporting or cameo role, at the least as a historical mention, in the new sub-series.
The term is also used for concepts or products spun off a research project, for example methods or materials pioneered during the Manhattan Project (spin-off: Commercial Nuclear Power) or during the Space Race (spin-offs: Many, Integrated Circuits and hence most modern electronics, Freeze-dried foods, satellites, et-cetera, and et. al.).
This phenomenon was already established in radio before the advent of commercial broadcast television, for example The Great Gildersleeve was a spin-off from Fibber McGee and Molly. The Great Guildersleeve might even have been the very first spin-off, when the popular character from Fibber McGee and Molly was given his own show.
Jack Benny's popular radio program spawned at least two spin-offs when blustery bandleader Phil Harris and naif Dennis Day launched their own programs after their success on Benny's show.
For more examples of spin-off shows on TV, see the List of television spin-offs.
One notable case which is not a spin-off is when the same series is later remade. Examples include Battlestar Galactica, He-Man and the Masters of the Universe (1983, 2002), and Teenage Mutant Ninja Turtles (1987, 2003)).
Sometimes even where a show is not a spin-off from the other, there will nevertheless be a cross-overs, where a character from one show makes an appearance on another show. A notable example of this are Ursula and Phoebe Buffay, twin sisters played by Lisa Kudrow who normally are on different shows, Mad About You and Friends respectively, but sometimes meet. This is also done by Ray Romano and Kevin James with Everybody Loves Raymond and King of Queens. Steve Urkel from Family Matters was also shown to be the cousin of one of D.J.'s friends on Full House.
Sometimes crossovers are created in an attempt to provide closure to fans of another failed series. For example, Millennium's characters Frank & Jordan Black (played by Lance Henriksen and Brittany Tiplady) appeared alongside Mulder and Scully in the X-Files 1999 episode "Millennium" (episode #7.05). This allowed the fans to have some closure, as none was given when Millennium was abruptly canceled prior to the 1999 season.
Many times in the business world, companies "spin off" (see also spin out) their operations. If for example a small group of employees has a great new idea, but the new product doesn't fit the pipeline of their company, it is one option for the corporation to even make money out of it by founding an own, separate start-up company for this business (one step further than sole intrapreneurship so to say). This way, they can still take advantage from the profits of this idea even if it doesn't fit their core competences.
The second big field of spin-offs are academic research groups at universities or around a PhD thesis where their members would like to leverage their knowledge and make money out of their findings. In this case, theoretical knowledge and research is "converted" into a company - producing for example their newly found invention/product, etc.
Another example for a corporate spin-off might be a company that produces ice cream and cars. It might split up into a company that makes cars, and a second company that makes ice cream. The current owners (the shareholders) of the company would own stock in both the company that makes cars, and the company that makes ice cream.
The primary and nearly exclusive reason why this is done is due to the phenonemon of stock valuation. People who buy stock make money in two different ways, via dividends, and via selling the stock at a higher price than when they bought it originally. The goal of all publicly traded companies then is to pay dividends and/or attempt to increase the value of their stock price.
Many academics and investors believe that the stock price of a company over the long term is most strongly influenced by the profits the company makes. However, the price people will be willing to pay for a companies stock relative to its profits (known as the PE ratio) is widely believed to differ depending on certain characteristics of the company. For example, fast growing companies are seen to be able to command a higher price relative to their current earnings, because it is felt that their profits will grow quickly enough to repay that price. Companies that have steady but small increases in profit are believed to be more valued than ones that have wild swings in profitability, because the swings in profitability can create swings in the stock price, making it more likely that the price will be temporarily down when one needs to sell the stock. In the same way, whole industries are seen to command a higher price relative to their earnings when compared with other industries.
Because of these widespread beliefs about stock valuation, company managers sometimes contemplate splitting their companies if they believe that "whole is less than the sum of its parts". For example, let's say that ice cream companies are generally valued at 15 times their profits (say for example because there is a big ice cream company trend hitting the country), and car companies are valued at 10 times their profits (because the car industry is seen as a slow growing industry). There is an icecream/car conglamerate which has stock selling at 50 dollars a share, 10 times the amount of its profits of 5 dollars a share (half of its profits come from ice cream and half from cars). This company then splits into two, with its current stock holders getting a car company for 25 dollars a share, and an ice cream company for 25 dollars a share. The managers doing this hope that others will bid up the price of the ice cream company to 37.50 (15 times their profits) as is the norm for the ice cream industry. In this way, the original stock holder who had a share for 50.00's now has 2 shares which total 62.50 dollars.
Off spin is a similar, but unrelated term.
Spin-offs | Types of companies
Spin-off | Spin-off | Derivaje | Spin-off | Spin-off | Spin-off | ספין-אוף | Spin-off | Spin off (mass media) | Выделение (организации) | Spin-off | Spin-off | Spin-off | Spinoff
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