World Wrestling Entertainment, Inc. is an American integrated media and entertainment company that is primarily known for professional wrestling. The WWE name also refers to the professional wrestling promotion itself, founded in the 1950s as the Capitol Wrestling Corporation. The company’s majority owner is its chairman and CEO, third-generation wrestling promoter Vince McMahon, who retains a 42% ownership of the company’s outstanding stock and 70. 5% of the voting power.
About WWE in brief
World Wrestling Entertainment, Inc. is an American integrated media and entertainment company that is primarily known for professional wrestling. WWE has also branched out into other fields, including movies, football, and various other business ventures. The WWE name also refers to the professional wrestling promotion itself, founded in the 1950s as the Capitol Wrestling Corporation. It is the largest wrestling promotion in the world, holding over 450 live events a year, with the roster primarily divided up into three globally traveling brands. WWE shows are not legitimate contests, but purely entertainment-based performance theater, featuring storyline-driven, scripted, and partially choreographed matches, though matches often include moves that can put performers at risk of injury, even death, if not performed correctly. The company’s majority owner is its chairman and CEO, third-generation wrestling promoter Vince McMahon, who retains a 42% ownership of the company’s outstanding stock and 70. 5% of the voting power. The current entity, incorporated on February 21, 1980, was previously known as Titan Sports, Inc., which was founded that same year in South Yarmouth, Massachusetts. It acquired Capitol Wrestling. Corporation Ltd., the holding company for the World Wrestling Federation, in 1982. Since 2011, the company has officially branded itself solely as WWE though the company’s legal name was not changed. WWE’s origins can be traced back as far as the1950s when on January 7, 1953, the first show under the Capitol.
Wrestling Corporation was produced. Some sources state that it was Vincent J. McMahon while other sources cite McMahon’s father Jess McMahon as founder of CWC. The CWC later joined the National Wrestling Alliance and famous New York promoter Toots Mondt soon joined theCWC. In 1963, McMahon and Mondt had a dispute with the NWA over Buddy Rogers being booked to hold the World Heavyweight Championship. In June 1963, Buddy Rogers was named the first of the World Wide Wrestling Federation with Buddy Rogers winning a fictitious tournament in Rio de Janeiro, Brazil. The World Widerestling Federation was not an immediate creation as once thought the day after Buddy Rogers’ one fall loss to Thesz. In the late 1960s, Capitol Sports favorite Anton Rocca was no longer working for Jim Crockett Sr. in the Carolinas and had already left the WWWF. The WWWF had already had a long time favorite wrestler, Anton Antonino Rocca, who was long time friend of Jim Crocks Sr. and had also suffered a heart attack during the time he was working for Capitol Sports. In April 1963, the WWWF was founded and Buddy Rogers won the tournament. The event is traditionally viewed as the beginning of their history with BuddyRogers winning the tournament on April 25, 1963. Since the 1980s, WWE publicly has branded its product as sports entertainment, acknowledging the product’s roots in competitive sport and dramatic theater. It has also acknowledged the fact that WWE is not a legitimate wrestling promotion.
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This page is based on the article WWE published in Wikipedia (as of Jan. 12, 2021) and was automatically summarized using artificial intelligence.
