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The WWE, or World Wrestling Entertainment Inc., is the world's largest professional wrestling promoter and a global media entertainment company. The company has two flagship television programs: Smackdown, which airs every Friday on Fox, and Monday Night Raw on the USA Network. The WWE also produces films and licenses its brand for video games and action figures. Every year, Wrestlemania and Summer Slam are the largest pay-per-view events for the WWE. The company's content is available in over 1 billion homes and brings over a billion in revenue annually. The headquarters for the WWE is located in Stamford, Connecticut, and it employs more than 800 people
Founded in 1953 under Capital Wrestling Corporation, the company was acquired by Titan Sports Inc and changed its name to the World Wrestling Federation and later to its current brand in 2002. WWE's founder Vince McMahon holds a majority stake in the company at 36% and was its CEO from 1982 until his resignation in 2022. The company has affiliate offices worldwide in Los Angeles, Shanghai, Singapore, Dubai, Munch, and New York City. During McMahon's leadership, the company became a global entertainment and media group.
All wrestling content produced by the WWE is pre-staged performances that feature storylines, scripts, and pre-planned matches. Regardless, performers have still been seriously injured and even died in the ring. McMahon was forced to publicly acknowledge the staged aspects of its wrestling content in 1989. Officially, the company is branded as sports entertainment while having aspects of dramatized acting and wrestling. The WWE's most well-known performers include the Undertaker, John Cena, Dwayne "The Rock" Johnson, "Stone Cold" Steve Austin, and Ric Flair.
McMahon resigned as the CEO in 2022 due to a company investigation into alleged misconduct. He was replaced by his daughter Stephanie McMahon, who serves as Co-CEO and chairwoman.