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Spin Off

All articles tagged with #spin off

Embracer to Spin Off Fellowship Entertainment as Standalone Unit Amid Earnings Slump
business5 days ago

Embracer to Spin Off Fellowship Entertainment as Standalone Unit Amid Earnings Slump

Embracer Group will spin off Fellowship Entertainment as a separately listed company while restructuring for efficiency after reporting a 24% fall in Q4 net sales and a SEK 7.2 billion non-cash impairment. Fellowship will focus on premium IP (Kingdom Come: Deliverance, Tomb Raider, The Lord of the Rings, Dead Island, Darksiders, Remnant) and target at least two major game releases annually from FY27/28, while the remaining Embracer entity pursues tighter costs and disciplined capital allocation. Müge Bouillon was named deputy CEO to strengthen governance, and Embracer will begin segment reporting in Q1 FY2026/27.

ABC Orders The Rookie: North, a New Spin-Off Starring Jay Ellis
television15 days ago

ABC Orders The Rookie: North, a New Spin-Off Starring Jay Ellis

ABC has ordered a The Rookie spin-off titled The Rookie: North for the 2026–27 season, centering on Alex Holland (Jay Ellis) as the oldest rookie on a Washington state police force. The series is written by The Rookie creator Alexi Hawley, with Nathan Fillion and other producers aboard; Lionsgate Television and 20th Century TV will produce. It’s ABC’s second Rookie spin-off, following The Rookie: Feds, and is one of two pilots ordered this development cycle, with the other, a comedy called Do You Want Kids?, not moving forward.

FedEx tops Q3, hikes 2026 outlook as Freight spin-off advances
business2 months ago

FedEx tops Q3, hikes 2026 outlook as Freight spin-off advances

FedEx beat Q3 expectations with adjusted EPS of $5.25 and revenue of $24 billion, and lifted fiscal 2026 guidance to $19.30–$20.10 per share and about 6%–6.5% revenue growth. The FedEx Freight spin-off remains on track for June 1, and the Network 2.0 initiative is now expected to yield more than $1 billion in savings. Shares rose in after-hours trading on the results.

MSG Sports eyes split of Knicks and Rangers into separate public companies
business3 months ago

MSG Sports eyes split of Knicks and Rangers into separate public companies

Madison Square Garden Sports' board approved exploring a plan to spin off its two franchises into separate publicly traded companies: the Knicks (and Westchester Knicks) as one company, and the Rangers (and Hartford Wolf Pack) as another. There is no timeline or guarantee; approvals from the NBA and NHL are required, and the move would aim to give each franchise clearer focus and investor characteristics, reflecting Dolan-era corporate restructuring.

Analyst Forecasts ESPN Spin-Off as Disney Passes Leadership Torch
business3 months ago

Analyst Forecasts ESPN Spin-Off as Disney Passes Leadership Torch

A LightShed Partners analyst predicts Disney will spin off ESPN within about 18 months as Josh D’Amaro becomes CEO, arguing separation could unlock ESPN’s value and allow investment in priorities like gaming; potential buyers or partners (e.g., Comcast) are discussed, and ESPN’s $30 billion valuation from its NFL deal is cited, though exact timing remains uncertain and Iger previously resisted such a move.

Octopus Energy to spin off Kraken AI unit valued at $8.65 billion
business4 months ago

Octopus Energy to spin off Kraken AI unit valued at $8.65 billion

Octopus Energy plans to spin off its AI-focused tech division Kraken Technologies as an independent company, following an $8.65 billion valuation and a $1 billion investment from investors including D1 Capital Partners, Fidelity, and Ontario Teachers' Pension Plan. The move aims to facilitate Kraken's potential stock market listing in London or the US, allowing it to operate independently and focus on growth, while Octopus continues to expand as the UK's largest energy supplier despite recent financial losses.

television5 months ago

Paramount+ Cancels 'NCIS: Tony & Ziva' After One Season

'NCIS: Tony & Ziva,' a spin-off series featuring characters Tony DiNozzo and Ziva David, has been canceled by Paramount+ after one season due to declining viewership, despite positive reviews for its unique approach and fan appreciation. The show, which debuted in September, followed their story after leaving NCIS and reuniting in Europe, but experienced a significant drop in audience and will not return for a second season.

entertainment7 months ago

Netflix Orders 'Hollywood Arts' Spinoff Starring Daniella Monet

A 'Victorious' spinoff titled 'Hollywood Arts' starring Daniella Monet as Trina Vega has been licensed to Netflix, which ordered 26 episodes. The series, set to premiere in 2026, follows Trina Vega returning to her high school as a substitute teacher, with production underway in Vancouver. The show will also air on Nickelodeon and Paramount+ after its Netflix debut, marking a strategic shift in distribution following the recent merger and leadership changes at Nickelodeon.

television8 months ago

‘Yellowstone’ Spinoff ‘The Dutton Ranch’ Casts Jai Courtney and Expands the Universe

Jai Courtney has been cast in the upcoming 'Yellowstone' spin-off 'The Dutton Ranch,' which stars Kelly Reilly and Cole Hauser as Beth and Rip. The series will focus on their life managing the Dutton Ranch amid challenges, with Courtney playing an unpredictable ranch foreman. The show is produced by Paramount Television Studios and 101 Studios, with Taylor Sheridan as an executive producer.

S.W.A.T. Exiles Spinoff Reveals Full Cast and Returning Stars
television8 months ago

S.W.A.T. Exiles Spinoff Reveals Full Cast and Returning Stars

The upcoming S.W.A.T. EXILES spin-off has announced its full cast of series regulars, including Ronen Rubinstein, Freddy Miyares, Lucy Barrett, Zyra Gorecki, and Adain Bradley, joining Shemar Moore. The show features a new team of unpredictable young recruits led by Hondo, as they navigate their roles in a high-stakes law enforcement unit. Production begins soon in Los Angeles.