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WWE

World Wrestling Entertainment, LLC
WWE
FormerlyTitan Sports, Inc. (1980–1999)
World Wrestling Federation Entertainment, Inc. (1999–2002)
World Wrestling Entertainment, Inc. (2002–2023)
Company typeSubsidiary
Industry
PredecessorCapitol Wrestling Corporation Ltd.
Founded
  • January 1953 (1953-01)
    (as Capitol Wrestling Corporation Ltd.)
  • April 1963 (1963-04)
    (rebranding as the World Wide Wrestling Federation)
  • February 1980 (1980-02)
    (founding of Titan Sports, Inc.)
  • June 1982 (1982-06)
    (purchase of Capitol Wrestling Corporation Ltd. by Titan Sports)
FounderJess McMahon or Vincent J. McMahon[a]
(as Capitol Wrestling Corporation Ltd.)
Vince McMahon and Linda McMahon
(as Titan Sports, Inc.)
Headquarters
707 Washington Blvd
Stamford, Connecticut
,
United States
Area served
Worldwide
Key people
Products
ServicesLicensing
RevenueIncrease US$1.398 billion (2024)[2]
Increase US$681.1 million (2024)[2]
Number of employees
~800[3] (2023)
ParentTKO Group Holdings[4][b]
DivisionsWWE Books
WWE Libraries
WWE Music Group
WWE Network
WWE Performance Center
WWE Studios[7]
SubsidiariesLucha Libre AAA
Tapout (50%)[8]
WCW Inc.
Others
Websitewwe.com

World Wrestling Entertainment (WWE) is an American professional wrestling promotion. It is owned and operated by TKO Group Holdings, a majority-owned subsidiary of Endeavor Group Holdings.[9] A global integrated media and entertainment company, WWE has also branched out into fields outside of wrestling, including film, football, and other business ventures, such as licensing its intellectual property to other companies to produce video games and action figures.

The promotion was founded in 1953 as the Capitol Wrestling Corporation (CWC), a Northeastern territory of the National Wrestling Alliance (NWA). Due to booking dispute, CWC left the NWA and became the World Wide Wrestling Federation (WWWF) in April 1963. After rejoining the NWA in 1971, the WWWF was renamed the World Wrestling Federation (WWF) in 1979, and left the NWA in 1983. Following a trademark dispute with the World Wildlife Fund, the WWF was renamed World Wrestling Entertainment (WWE) in 2002. In 2011, the promotion ceased branding itself as World Wrestling Entertainment and began solely using the initials WWE, although their legal name remained the same.[10]

WWE is the largest wrestling promotion in the world. Its main roster is divided into two touring brands, Raw and SmackDown. Its developmental brands, NXT and Evolve, are based at the WWE Performance Center in Orlando, Florida. The promotion's programming is available in more than one billion homes worldwide in 30 languages and its global headquarters is located in Stamford, Connecticut,[11] with offices in New York, Los Angeles, Mexico City, Mumbai, Shanghai, Singapore, Dubai, and Munich.[12]

As in other professional wrestling promotions, WWE does not promote a legitimate sporting contest 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 serious injury or death if not performed correctly. The pre-determined aspect of professional wrestling (an industry open secret) was publicly acknowledged by WWE in 1989 to avoid regulation by athletic commissions. WWE markets its product as "sports entertainment", acknowledging professional wrestling's roots in competitive sport and dramatic theater.

WWE's corporate entity, Titan Sports, Inc., was incorporated on February 21, 1980, by Vince McMahon: Titan acquired Capitol Wrestling Corporation Ltd., the holding company for the wrestling promotion, in 1982. Titan was renamed World Wrestling Federation Entertainment, Inc. in 1999, and World Wrestling Entertainment, Inc. in 2002. In January 2023, WWE began to explore a sale of the company, amidst an employee misconduct scandal involving McMahon that initially prompted him to step down as chairman and CEO.[13] In September, WWE merged with Zuffa, the parent company of mixed martial arts promotion Ultimate Fighting Championship (UFC), to form TKO Group Holdings, a new public company majority-owned by Endeavor Group Holdings, with McMahon as executive chairman:[14] the promotion's legal name was then changed to World Wrestling Entertainment, LLC.[15] In 2024, McMahon departed TKO amid a sex trafficking scandal and was replaced as executive chairman by Ari Emanuel.[16]

  1. ^ Krugman 2009, p. 11.
  2. ^ a b "TKO Reports Fourth Quarter and Full Year 2024 Results" (PDF). TKO Group Holdings, Inc. February 26, 2025. Retrieved February 26, 2025.
  3. ^ "Company Information". World Wrestling Entertainment Inc. Archived from the original on March 6, 2022. Retrieved October 22, 2023.
  4. ^ "AMENDMENT NO. 2 TO FORM S-4 REGISTRATION STATEMENT". U.S. Securities and Exchange Commission. August 10, 2023. p. 1. Archived from the original on June 23, 2024. Retrieved September 12, 2023. ...with WWE surviving the merger as a direct, wholly owned subsidiary of [TKO Group Holdings]
  5. ^ "SCHEDULE 14C INFORMATION". NASDAQ. August 22, 2023. p. 248. Retrieved August 25, 2023.
  6. ^ "TKO Group Holdings, Inc.: Shareholders Board Members Managers and Company Profile | US87256C1018 | MarketScreener". www.marketscreener.com. Retrieved July 25, 2024.
  7. ^ "Company Overview". WWE Corporate. Archived from the original on November 17, 2014.
  8. ^ Silverman, Alex (March 25, 2015). "WWE, ABG to Reposition Tapout Brand as Part of 50/50 Joint Venture". Sports Business Journal. Retrieved September 7, 2021.
  9. ^ "UFC And WWE To Close Merger Next Week, Make NYSE Debut As TKO Group". Deadline. September 7, 2023. Retrieved September 7, 2023.
  10. ^ Sacco, Justine; Weitz, Michael (April 7, 2011). "The New WWE" (Press release). Connecticut: WWE. Retrieved November 25, 2021.
  11. ^ "General WWE Contacts". WWE Corporate. Archived from the original on February 4, 2009.
  12. ^ "Company information". WWE Corporate. October 18, 2021. Archived from the original on March 6, 2022. Retrieved October 18, 2021.
  13. ^ Sherman, Alex (January 7, 2023). "Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it". CNBC. Retrieved January 10, 2023.
  14. ^ "SEC-Show". otp.tools.investis.com. Archived from the original on June 9, 2024. Retrieved June 12, 2023.
  15. ^ "Notification of Removal From Listing and/or Registration Under Section 12(B) of the Securities Exchange Act of 1934". U.S. Securities and Exchange Commission. September 12, 2023. Archived from the original on June 23, 2024. Retrieved September 12, 2023.
  16. ^ Draper, Kevin (January 26, 2024). "Wrestling icon Vince McMahon resigns from WWE parent company after sex abuse suit". New York Times. Retrieved January 27, 2024.


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