The World Wrestling Entertainment (WWE) since its conception in 1950 has become a power house sport entertainment. It is broadcasted in about 150 countries with a viewer audience running into millions. We is entertainment company in America that primarily deals in professional wrestling.
The privately controlled entertainment company has most of its major revenue coming from product licensing, film, music, and direct product sales. Being the largest professional wrestling company in the world, WWE has reached over 12 million viewers in the U.S. and is currently broadcasting its shows in 30 languages to over 145 countries.
WWE is majorly owned by Vince McMahon, the chairman and chief executive officer (CEO) of the company. Vince is married with Children(Wife: Linda McMahon, their children: Shane McMahon and Stephanie McMahon-Levesque)
The McMahons have about 70% of WWE’s economic interest and 96% of the voting power in the company. WWE headquarters is located in Stamford, Connecticut. The offices are in prominent places like Los Angeles, Toronto, New York City, London, Tokyo, and Sydney.
In the year 1952, WWE began with the name-
Capitol Wrestling Corporation, which elevated under the standard of the World Wide Wrestling Federation (WWWF) and afterward the World Wrestling Federation (WWF).
Ownership was transferred to the family’s Titan Sports company in 1982. After the transfer of ownership, it became known as the World Wrestling Federation Entertainment, before finally becoming World Wrestling Entertainment in 2002.
The World Wrestling Federation previously known as Titan Sports, Inc was incorporated on February 21, 1980. In that same year, the WWF was founded in South Yarmouth, Massachusetts.
The name, Titan was changed to World Wrestling Federation, Inc. in 1998. In 1999, it was changed to World Wrestling Federation Entertainment, Inc. It was eventually changed to the current World Wrestling Entertainment(WWE), Inc. in 2002.
In 2011, The company formally reputed itself exclusively as WWE and has maintained its legal name since then. At www.sportsbetting24.ca, you can find everything you need to know about WWE, analysis and predictions and what to bet on.
TERMINOLOGIES IN WWE
WWE employs a variety of special terms in promoting their product, which are:
- Sports Entertainment
WWE describes the wrestling industry as sports entertainment.
- WWE Universe
WWE describes its fanbase as the WWE Universe.
- WWE Superstar
A wrestler is formally called a WWE Superstar
- WWE Legends
Retired wrestlers are described as WWE legends.
WWE signs most of its talent to exclusive contracts, that is they can only perform on WWE events. They are not allowed to perform for any other promotion unless special arrangements are made in advance. WWE conceals all of its wrestlers’ contract details strictly private.
WWE categorizes its “talents” as independent contractors and not as employees. A study by the University of Louisville Law Review found that after applying the Internal Revenue Service (IRS) 20-factor test, sixteen out of the twenty factors indicate that wrestlers are employees.
However, as a result of the way WWE terms its “talents” as independent contractors, the wrestlers are severed countless benefits that they
would normally be entitled to.
In late 2020, the wrestlers were told by their contractor that they could no longer engage with outside third parties such as Cameo, and that, WWE owns the real names of talent, not just their character names.
The WWE Championship was brought into existence and promoted by American professional wrestling promotion, WWE currently defended on their Raw brand division. It is one of WWE’s top titles. Other titles include:
- The Universal Championship on SmackDown and;
- The NXT Championship on NXT.
The WWE Championship was first introduced into WWE in 1963 with Buddy Rogers as the inaugural champion.
- Bruno Sammartino has held the championship title for the longest time in WWE history.
He held the title from the 17th of May, 1963 to the 18th of January, 1971, making a total of 2,803 days.
- André the Giant is the shortest reigning champion, he held the title for 1 minute, 48 seconds.
- Brock Lesnar became the youngest champion of the WWE when he won the title at the age of 25.
- Mr. McMahon became the oldest champion of the WWE when he won it at the age of 54.
- John Cena has the most reigns totaling up to 13 reigns.
Drew McIntyre is the present reigning champion(in his second reign)who won the title by defeating Randy Orton in a No Disqualification, No Countout match on the 16th of November, 2020(WWE Raw) in Orlando, Florida.