World Wrestling Entertainment, Inc. (WWE) (NYSE: WWE) is a publicly-traded, privately-controlled integrated media (focusing in television, Internet, and live events) and sports entertainment company dealing primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales. Vince McMahon is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Linda McMahon, and their children, Shane McMahon and Executive Vice President of Talent and Creative Writing, Stephanie McMahon-Levesque, the McMahons hold approximately 70% of WWE’s economic interest and 96% of the voting power in the company.
The company’s global headquarters are located in Stamford, Connecticut with offices in Los Angeles, New York City, London, Tokyo, Toronto, and Sydney. The company was previously known as Titan Sports before changing to World Wrestling Federation Entertainment, Inc., and then becoming World Wrestling Entertainment, Inc.
WWE’s business focus is on professional wrestling, a simulated sport that consists of wrestling combined with acting and theatre. It is currently the largest professional wrestling promotion in the world and holds an extensive library of videos representing a significant portion of the visual history of professional wrestling. The promotion previously existed as the Capitol Wrestling Corporation, which promoted under the banner of the World Wide Wrestling Federation (WWWF), and later the World Wrestling Federation (WWF). WWE promotes under two brands known as Raw, and SmackDown.