Get Complete Information on WWE: History, Founder, Headquarters and More

WWE, a global media and entertainment giant, has also expanded into other markets, including those for American football, film, and other business ventures. In order for companies to produce video games and action figures, the firm also licenses their intellectual property to others.

The promotion started out as the Capitol Wrestling Corporation in 1953. It is the largest wrestling promotion in the world, with its primary roster divided into two main touring groups and a developing roster based in Orlando, Florida (referred to by WWE as “brands”). WWE is available in more than 1 billion homes worldwide in 30 different languages.

Details You Need to Know

Industry: Professional wrestling

                     Streaming media

Headquarters: 1241 East Main Street Stamford, Connecticut 06902, United States

Trade name: WWE

Formerly: Titan Sports, Inc. (1980–1999)

                   World Wrestling Federation Entertainment, Inc. (1999–2002)

Type: Public

Founded:

January 1953; 69 years ago (as Capitol Wrestling Corporation Ltd.)

April 1963; 59 years ago (rebranding as the Worldwide Wrestling Federation)

February 1980; 42 years ago (founding of Titan Sports, Inc.)

June 1982; 40 years ago (purchase of Capitol Wrestling Corporation Ltd. by Titan Sports)

Founded:

Jess McMahon or Vincent J. McMahon (as Capitol Wrestling Corporation Ltd.)

Vince McMahon and Linda McMahon (as Titan Sports, Inc.)

Key People:

• Stephanie McMahon – (Chairwoman and Co-CEO)
• Nick Khan – (Co-CEO and Director)
• Paul “Triple H” Levesque – (Chief Content Officer and Head of Creative)
• Frank A. Riddick III – (President and Chief Financial Officer)
• Bradley M. Blum – (Executive Vice President of Operations)
• Kevin Dunn – (Executive Producer and Chief, Global Television Distribution

Products: Films, Finance, Home video, Live events, Merchandise, Music Publishing, Streaming, network service and Television.

Services: Licensing

Operating income: Increase US$259 million (2021)

Number of employees: 870 (2021)

Divisions:

• WWE Books
• WWE Libraries
• WWE Music Group
• WWE Network
• WWE Podcast Network
• WWE Performance Center
• WWE Shop
• WWE Studios

Owner: Vince McMahon

Subsidiaries:

• Tapout (50%)
• Alpha Entertainment
• TSI Realty Company
• WCW Inc.
• WWE Asia Pacific
• WWE Australia
• WWE Canada
• WWE Germany
• WWE Jet Services
• WWE Latin America
• WWE Middle East and Africa
• WWE Properties International

In addition to its global headquarters in Stamford, Connecticut, the company also maintains offices in Singapore, New York, Mexico City, Mumbai, Los Angeles, Shanghai, Dubai, and Munich.

Like other professional wrestling enterprises, WWE events feature story-driven, scripted, and partially choreographed contests. However, many fights feature manoeuvres that, if executed improperly, might put performers at risk of harm or even death. In 1989, WWE founder Vince McMahon publicly acknowledged the predetermined nature of professional wrestling in order to avoid paying taxes on sports commissions. WWE presents its product as sports entertainment, recognizing that wrestling has its roots in both dramatic theatre and competitive sport.

The bulk of the company’s shares are owned by third generation wrestling promoter and former chairman and CEO Vince McMahon, who also retains 81.1% of the voting power. On February 21, 1980, Titan Sports, Inc., the current corporation, which was once known as such, was incorporated in South Yarmouth, Massachusetts.

It acquired the holding company Capitol Wrestling Corporation Ltd., which housed the World Wrestling Federation (WWF), originally the Worldwide Wrestling Federation (WWWF), in 1982. Titan changed its name to World Wrestling Federation Entertainment, Inc. in 1999 and to World Wrestling Entertainment, Inc. in 2002. Despite having the same legal name since 2002, the company has only used the letters WWE to promote itself since 2011.

History 

The inaugural program under the Capitol Wrestling Corporation (CWC) was produced on January 7, 1953, which marks the beginning of WWE. Uncertainty surrounds the identity of the CWC’s founder. While some sources credit Vincent J. McMahon as the organization’s founder, other sources credit McMahon’s father, Jess McMahon. Later, the CWC affiliated with the National Wrestling Alliance (NWA), and shortly Toots Mondt, a well-known promoter from New York, did as well.

Due in major part to their domination in the densely populated North-eastern United States, Vincent J. McMahon and Toots Mondt quickly achieved great success and soon had almost 70% of the NWA’s booking power.

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