DryShips in September 2011. News Corporation's publishing operations (and its broadcasting operations in Australia) were spun off as News Corp in 2013. The previous News Corporation's remaining media properties were retained under the name 21st Century Fox. In turn, 21st Century Fox was acquired by The Walt Disney Company in 2019, but most of its broadcast and cable properties were spun off to the new Fox Corporation while Disney retained the film and television production units. After being acquired by Sega, Index Corporation's video game operations were re-branded as Atlus, the name of a predecessor company, while its contents and solution businesses were spun off as a new company using the Index Corporation name in 2013. Mallinckrodt Pharmaceuticals was spun off from Covidien in 2013. Viacom was spun off from CBS in 1971. Fortive and Envista were spun off from Danaher in 2016 and 2019 respectively. In South Korea, the then-CJ E&M (now CJ ENM Entertainment Division) spun off its drama production and distribution division into a new subsidiary company called Studio Dragon in May 2016. Examples following the second definition of spin-out: Fairchild Semiconductor was a spin-out of Shockley Transistor; the founders were Shockley's "traitorous eight" Intel was in turn a spin-out of Fairchild, as were many firms in the semiconductor industry Academia An example of companies created by technology transfer or licensing: Since 1997, Oxford University Innovation has helped create more than 70 spin-out companies, and now, on average, every two months a new company is spun out of "academic research generated within and owned by the University of Oxford". Over £266 million in external investment has been raised by spin-out companies since 2000, and five are currently listed on the London Stock Exchange's Alternative Investment Market. See also Demerger Divestment Equity carve-out Stub (stock) Successor company References Further reading EIRMA (2003) "Innovation Through Spinning In and Out", Research Technology Management, Vol. 46, 63–64. Rohrbeck, R., Hölzle K. and H. G. Gemünden (2009): "Opening up for competitive advantage: How Deutsche Telekom creates an open innovation ecosystem", R&D Management, Vol. 39, S. 420–430. External links spin-off Restructuring Types of business entity