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World Wrestling Entertainment, Inc. (also known as WWE)-an American publicly traded wrestling event company that also produces movies, music, apparel, and computer games.
As a wrestling promotion, it was founded by Jess McManus and Toots Mondt in 1952 as Capitol Wrestling Corporation. As of 2016, WWE is the largest wrestling federation in the world, hosting more than 500 shows a year and broadcasting its events to 36 million viewers in more than 150 countries. The company is headquartered in Stamford, Connecticut, and has offices in New York City, Los Angeles, Tokyo, Shanghai, Singapore, London and Mumbai
The company is currently run by the founder’s grandson, Vince McManus, who serves as chairman and CEO. As of March 2020, he owns 42% of the company and 70.5% of the board of directors
As with other wrestling promotions, bouts in WWE are not a competitive sport. This was first publicly acknowledged by Vince McManus in 1989 to avoid taxes from athletic commissions. Since the 1980s, WWE has publicly referred to its product as “sports entertainment.”
The company has changed its name several times in its history: Capitol Wrestling Entertainment, then Titan Sports, World Wide Wrestling Federation, World Wrestling Federation, World Wrestling Federation Entertainment, World Wrestling Entertainment and finally in 2011 it was shortened simply to WWE
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