In 2023, WWE began to explore a potential sale of the company, amidst an employee misconduct scandal involving McMahon that had prompted him to step down as chief executive officer, although he returned as executive chairman. WWE brands its product as sports entertainment, acknowledging wrestling's roots in competitive sport and dramatic theater. The pre-determined aspect of professional wrestling was publicly acknowledged by WWE's owner Vince McMahon in 1989 in order to avoid taxes from athletic commissions. Īs in other professional wrestling promotions, WWE shows are not legitimate contests but entertainment-based performance theater, featuring story line-driven, scripted, and partially choreographed matches however, matches often include moves that can put performers at risk of injury, even death, if not performed correctly. The company's global headquarters is located in Stamford, Connecticut, with offices in New York, Los Angeles, Mexico City, Mumbai, Shanghai, Singapore, Dubai, and Munich. Overall, WWE is available in more than one billion homes worldwide in 30 languages.
WWE is the largest wrestling promotion in the world, with its main roster divided up into two primary touring groups, along with a developmental roster based in Orlando, Florida (referred to by WWE as " brands"). Since 2011, the company has branded itself solely with the initials WWE, though the legal name has not changed since 2002. in 1999, and then World Wrestling Entertainment, Inc. Titan was renamed World Wrestling Federation Entertainment, Inc. It acquired Capitol Wrestling Corporation Ltd., the holding company for the WWF, in 1982. The current entity, which was originally named Titan Sports, Inc., was incorporated on February 21, 1980, in South Yarmouth, Massachusetts, but reincorporated under Delaware General Corporation Law in 1987. Following a dispute, CWC left the NWA and became the World Wide Wrestling Federation (The company's majority owner is its executive chairman, third-generation wrestling promoter Vince McMahon, who retains a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power. The promotion was founded in 1953 as the Capitol Wrestling Corporation (CWC) as a Northeastern territory of the National Wrestling Alliance (NWA). The company is additionally involved in licensing its intellectual property to companies to produce video games and action figures.
A global integrated media and entertainment company, WWE has also branched out into other fields, including film, American football, and various other business ventures. World Wrestling Entertainment, Inc., doing business as WWE, is an American professional wrestling promotion.
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