All articles tagged with #spin off
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.
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.
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 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.
'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.
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.
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.
Nintendo announced Pokémon Pokopia, a new Pokémon life simulation game resembling Animal Crossing, where players control a Ditto that can learn abilities from various Pokémon to shape and build in the game world.
Fred Armisen confirmed that a spin-off series featuring his portrayal of Uncle Fester from Netflix's Wednesday is in development and described it as 'amazing,' with the project still in progress after the show's second season.
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.
Sony's 'SWAT' spinoff 'Exiles' has cast five series regulars, including Lucy Barrett and Ronen Rubinstein, with Kevin Tancharoen set to direct the pilot. The series follows a new SWAT team led by Shemar Moore's character Hondo after a mission goes awry, focusing on untested recruits and team dynamics. Production begins in September in Los Angeles, with no current network announced.
Unilever has appointed Jochanan Senf as the new CEO of Ben & Jerry's amid ongoing disputes over the brand's political activism and management changes, including the firing of former CEO David Stever, which has led to legal and corporate tensions as Unilever plans to spin off its ice cream division as the Magnum Ice Cream Company.
A new spinoff series titled 'Stuart Fails to Save the Universe' is coming to HBO Max, focusing on Stuart Bloom from 'The Big Bang Theory' as he accidentally causes a multiverse crisis, with original cast members reprising their roles. The show will explore alternate universes and comedic chaos, created by Chuck Lorre, Zak Penn, and Bill Prady.
HBO Max has greenlit a new spin-off series titled 'Stuart Fails to Save the Universe,' centered on Stuart Bloom from The Big Bang Theory, blending sci-fi and comedy as he attempts to restore reality after causing a multiverse Armageddon, featuring characters from the original series and new sci-fi elements.
HBO Max has ordered a sci-fi spin-off of The Big Bang Theory titled 'Stuart Fails To Save The Universe,' featuring characters from the original series in a multiverse adventure with extensive CGI, exploring alternate versions of beloved characters and set in the future after the original show's events.