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World Wrestling Federation

World Wrestling Entertainment, Inc.
WWE
Formerly called
Titan Sports, Inc.
World Wrestling Federation, Inc.
World Wrestling Federation Entertainment, Inc.
Public company
Traded as WWE
NASDAQWWE
S&P 600 Component
ISIN US98156Q1085
Industry Professional wrestling
Sports entertainment
Media and Technology
Streaming media
Predecessor Capitol Wrestling Corporation
Founded February 21, 1980; 37 years ago (1980-02-21)
South Yarmouth, Massachusetts, U.S.
Founders Vince McMahon
Linda McMahon
Headquarters 1241 East Main Street, 06902
Stamford, Connecticut, U.S.
Area served
Worldwide
Key people
Vince McMahon
(Chairman and CEO)
Stephanie McMahon
(Chief Brand Officer)
Paul "Triple H" Levesque
(Executive Vice President of Talent, Live Events and Creative)
Products
  • Television
  • Publishing
  • Films
  • Finance
  • Music
  • Merchandise
  • Streaming network service
  • Home video
  • Live events
Services Licensing
Revenue IncreaseUS$658.8 million (2015)
IncreaseUS$38.8 million (2015)
Profit IncreaseUS$24.1 million (2015)
Total assets IncreaseUS$409.1 million (2015)
Total equity IncreaseUS$209.3 million (2015)
Owner Vince McMahon (52%)
Number of employees
approximately 800 (2016)
Divisions
Subsidiaries
Website www.wwe.com

World Wrestling Entertainment, Inc. (d/b/a WWE) is an American publicly traded, privately controlled entertainment company that deals primarily in professional wrestling, with major revenue sources 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.


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