World Wrestling Entertainment, Inc. (WWE)
is a publicly traded integrated media, sports and entertainment company dealing primarily in the professional wrestling industry. Vincent K. McMahon is the owner and Chairman of the company and his wife Linda McMahon holds the position of Chief Executive Officer (CEO). Together with their children, Executive Vice President of Global Media Shane McMahon and Senior Vice President of Creative Writing Stephanie McMahon-Levesque, the McMahons hold approximately 70% of WWE's economic interest, but due to the multi-voting structure of their shares, they hold 96% of all voting power in the company. The company's global headquarters are located at 1241 East Main Street in Stamford, Connecticut, with international offices in Los Angeles, New York City, London and Toronto.
The company was previously known as Titan Sports, Inc. before changing to World Wrestling Federation Entertainment, Inc., and most recently becoming World Wrestling Entertainment, Inc.
World Wrestling Entertainment (WWE) is the company's main business module, which is the basis of the running of the organization. It is a professional wrestling promotion, currently the largest in North America. It has previously existed as the Capitol Wrestling Corporation, preceded by the World Wide Wrestling Federation (WWWF), then the World Wrestling Federation (WWF).
WWE's revenue in the last twelve months was approximately $400 million (US), with a net profit of approximately $52 million. As of May 2006, the company's market capitalization is over $1 billion (US). Its stock is traded on the NYSE as WWE. The owner and chairman Vince McMahon is once again a billionaire.
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