The company's majority owner is its chairman and CEO, third-generation wrestling promoter Vince McMahon, who retains a 37.6% ownership of the company's outstanding stock and 80.5% of the voting power. WWE brands its product as sports entertainment, acknowledging wrestling's roots in competitive sport and dramatic theater.
U TUBE WWE RAW PROFESSIONAL
The pre-determined aspect of professional wrestling was publicly acknowledged by WWE's owner Vince McMahon in 1989 in order to avoid taxes from athletic commissions. Īs in other professional wrestling promotions, WWE shows are not legitimate contests 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 injury, even death, if not performed correctly. The company's global headquarters is located in Stamford, Connecticut, with offices in New York, Los Angeles, Mexico City, Mumbai, Shanghai, Singapore, Dubai and Munich. Overall, WWE is available to 900 million homes worldwide in 28 languages. It is the largest wrestling promotion in the world with the roster divided up into two primary traveling brands, and a secondary developmental brand. The WWE name also refers to the professional wrestling promotion itself, which was founded in 1952 as the Capitol Wrestling Corporation. WWE has also branched out into other fields, including film, American football, and various other business ventures. World Wrestling Entertainment, Inc., commonly shortened to WWE, is an American integrated media and entertainment company that is primarily known for professional wrestling.
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