WWE also known as world wrestling entertainment is the private limited company, that deals professional wrestling. But it also generate its revenue from WWE studios. that makes Films, video games. music and direct sales. WWE was found by Jess McMahon and Toots Mondt in 1952 as capitol wrestling incorporation. As of 2016, it is the largest wrestling promotion in the world, holding over 500 events a year (with the roster divided up into various globally traveling brands), and broadcasting to about 36 million viewers in more than 150 countries. The company’s global headquarters is located in Stamford, Connecticut, with offices in major cities across the world.
WWE’s origins can be traced back as far as 1952 when Roderick James “Jess” McMahon and Toots Mondt created the Capitol Wrestling Corporation Ltd. (CWC), which joined the National Wrestling Alliance (NWA) in 1953. McMahon, who was a successful boxing promoter, began working with Tex Rickard in 1926. With the help of Rickard, he began promoting boxing and wrestling at the third Madison Square Garden. It was not the first time McMahon had promoted wrestling cards, as he had already done so during the 1910s.
In November 1954, McMahon died and Ray Fabiani, one of Mondt’s associates, brought in McMahon’s son Vincent James. The younger McMahon and Mondt were very successful and soon controlled approximately 70% of the NWA’s booking, largely due to their dominance in the heavily populated Northeast region. In 1963, McMahon and Mondt had a dispute with the NWA over “Nature Boy” Buddy Rogers being book to hold the NWA World Heavyweight Championship. Both men left the company in protest and formed the WWWF in the process, awarding Rogers the newly created WWWF World Heavyweight Championship in April of that year. He lost the championship to Bruno Sammartino a month later on May 17, 1963, after heart attack a week before the match.
Capitol operated the WWWF in a conservative manner compared to other pro wrestling territories it ran its major arenas monthly rather than weekly or bi-weekly, usually featuring a babyface (heroic character) champion wrestling various (villainous character) in programs that consisted of one to three matches. After gaining a television program deal and hiring Lou Albano as a manager for Sammartino’s heel opponents, the WWWF was doing sellout business by 1970.
Mondt left Capitol in the late 60s and although the WWWF had withdrawn from the NWA, Vince McMahon, Sr. quietly re-joined in 1971. Capitol renamed the World Wide Wrestling Federation to the World Wrestling Federation (WWF) in 1979.
WWE headquarters is in Stamford, Connecticut, United States.
- WCW Inc.: created in 2001 – owns the rights to the video library and intellectual property for World Championship Wrestling.
- Books: publishes biographies of and on personalities, behind-the-scenes guides. , illustrated books, calendars, young adult books, and other general nonfiction books.
- Home Video: specializes in distributing compilation VHS, DVD, and Blu-ray Disc copies of pay-per-view events, compilations of wrestlers’ performances, and biographies of performers.
- . The group also releases titles that have been performe by WWE wrestlers.
- WWE Magazine: the magazine is release for special issues. It was originally release monthly until 2014.
- WWE Network: a subscription-based video streaming service launched in 2014 using the infrastructure of Major League Baseball Advanced Media.
- WWE Performance Center: serves as the training and performance center for future employees.
- WWEShop.com: a website established as the place to buy officially licensed WWE related apparel, gear, and other merchandise.
- WWE Studios: created in 2002 to create and develop feature film properties. Formerly known as WWE Films.