World Wrestling Entertainment, Inc., d/b/a WWE, is an American incorporated media and enjoyment company that is mainly understood for professional fumbling. WWE has likewise branched off right into other areas, including films, football, and numerous other service ventures.
The WWE name additionally refers to the specialist wrestling promotion itself, established in the 1950s as the Capitol Fumbling Company. It is the biggest wrestling promo on the planet, holding over 450 live events a year, with the lineup mainly divided up into 3 around the world taking a trip brand, and also is offered to 800 million houses worldwide in 28 languages. The business's international head office is located in Stamford, Connecticut, with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich, and Tokyo.
As in other expert fumbling promos, WWE programs are not genuine contests, but purely entertainment-based performance theater, featuring storyline-driven, scripted, and partly choreographed matches, though matches frequently consist of relocations that can place entertainers in jeopardy of injury, even death, if not done properly. This was first publicly recognized by WWE's proprietor Vince McMahon in 1989 to stay clear of taxes from sports payments. Since the 1980s, WWE openly has actually branded its product as sporting activities enjoyment, recognizing the product's origins in affordable sport and remarkable movie theater.
The business's majority proprietor is its chairman and also CEO, third-generation fumbling marketer Vince McMahon, that keeps a 42% ownership of the business's superior stock as well as 70.5% of the voting power.
The present entity, incorporated on February 21, 1980, was previously called Titan Sports, Inc., which was founded that same year in South Yarmouth, Massachusetts. It obtained Capitol Fumbling Company Ltd., the holding company for the World Wrestling Federation, in 1982.
Titan was relabelled World Wrestling Federation, Inc. in 1998, then World Wrestling Federation Amusement, Inc. in 1999, as well as finally the current World Wrestling Entertainment, Inc. in 2002. Considering that 2011, the company has actually formally branded itself entirely as WWE though the business's lawful name was not altered.