WWE headquarters in Stamford, Connecticut
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WWE | |
Formerly called
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Titan Sports, Inc. World Wrestling Federation, Inc. World Wrestling Federation Entertainment, Inc. |
Public company | |
Traded as | : WWE NASDAQ: WWE S&P 600 Component |
ISIN | US98156Q1085 |
Industry |
Professional wrestling Sports entertainment Media and Technology Streaming media |
Predecessor | Capitol Wrestling Corporation |
Founded | February 21, 1980 South Yarmouth, Massachusetts, U.S. |
Founders |
Vince McMahon Linda McMahon |
Headquarters |
1241 East Main Street, 06902 Stamford, Connecticut, United States |
Area served
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Worldwide |
Key people
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Vince McMahon (Chairman and CEO) Stephanie McMahon (Chief Brand Officer) Paul "Triple H" Levesque (Executive Vice President of Talent, Live Events and Creative) |
Products |
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Services | Licensing |
Revenue | US$658.8 million (2015) |
US$38.8 million (2015) | |
Profit | US$24.1 million (2015) |
Total assets | US$409.1 million (2015) |
Total equity | US$209.3 million (2015) |
Owner | Vince McMahon (52%) |
Number of employees
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approximately 800 (2016) |
Divisions |
Divisions
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Subsidiaries |
Subsidiaries
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Website | www |
World Wrestling Entertainment, Inc. (d/b/a WWE) is an American publicly traded, privately controlled entertainment company that deals primarily in professional wrestling, with revenue also coming from film, music, video games, product licensing, and direct product sales.
WWE also refers to the professional wrestling promotion itself, founded by Jess McMahon and Toots Mondt in 1952 as Capitol Wrestling Corporation Ltd. 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.
As in other professional wrestling promotions, WWE shows are not legitimate contests, but purely entertainment-based, featuring storyline-driven, scripted, and choreographed matches, though they often include moves that can put performers at risk of injury if not performed correctly. This was first publicly acknowledged by WWE's owner Vince McMahon in 1989 to avoid taxes from athletic commissions. Since the 1980s, WWE publicly has branded their product as sports entertainment, acknowledging the product's roots in competitive sport and dramatic theater.
The company's majority owner is its chairman and CEO, Vince McMahon. Along with his wife Linda, children Shane and Stephanie, and son-in-law Paul "Triple H" Levesque, the McMahon family holds approximately 70% of WWE's equity and 96% of the voting power. As of August 2014, Eminence Capital, a New York-based hedge fund, acquired a 9.6% stake in WWE while the McMahon family retains 90.4% interest.