![]() 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 chairman and CEO, although he returned as executive chairman. WWE brands its product as sports entertainment, acknowledging professional 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 storyline-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. Its main roster is divided into two brands, Raw and SmackDown, along with a developmental roster, NXT, based in the WWE Performance Center in Orlando, Florida. WWE is the largest wrestling promotion in the world. In 2023, its legal name was changed to World Wrestling Entertainment, LLC. 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. Prior to September 2023, the company's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power. In 2011, the promotion ceased branding itself as World Wrestling Entertainment and began solely branding itself with the initials WWE. Following a dispute, CWC left the NWA and became the World Wide Wrestling Federation (In 2002, following a legal dispute with the World Wildlife Fund, the WWF was renamed to World Wrestling Entertainment (WWE). The promotion was founded in 1953 as the Capitol Wrestling Corporation (CWC), 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 fields outside of wrestling, including film, football, and various other business ventures. It is owned and operated by TKO Group Holdings, a majority-owned subsidiary of Endeavor Group Holdings. World Wrestling Entertainment ( WWE) is an American professional wrestling promotion.
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