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Submitted by on Aug 19, 2021

The WWE is also the name of the professional wrestling organization, which was established in 1953 as the Capitol Wrestling Corporation. It is the world’s largest wrestling organization, with over 450 live events each year and a roster largely separated into three globally roaming brands. It is broadcast in 28 languages to 900 million households worldwide. Stamford, Connecticut, is the company’s worldwide headquarters, with offices in New York, Los AngelesLondonMexico City, Mumbai, Shanghai, Singapore, Dubai, Munich, and Tokyo.

Like other professional wrestling organizations, WWE events are entertainment-based performance theaters, with storyline-driven, scripted, and partially choreographed matches. On the other hand, Matches frequently contain movements that, if not executed correctly, might put performers at risk of harm, if not death. To avoid athletic commission taxes, WWE owner Vince McMahon openly recognized the pre-determined component of wrestling in 1989. Wrestling’s product is marketed as sports entertainment, acknowledging the sport’s roots in competitive sport and dramatic theater.

Third-generation wrestling promoter Vince McMahon, the company’s chairman, and CEO owns 42 percent of the company’s outstanding shares and 70.5 percent of the voting power. Titan Sports, Inc., which was formed the same year in South Yarmouth, Massachusetts, was the last name of the current organization, which was incorporated on February 21, 1980.

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In 1982, it bought Capitol Wrestling Corporation Ltd., the World Wrestling Federation’s controlling company. In 1999, Titan was rebranded World Wrestling Federation Entertainment, Inc.; then, in 2002, it was renamed World Wrestling Entertainment, Inc. The corporation has been known exclusively as WWE since 2011, despite its legal name has not changed.

WWE’s roots may be traced back to the 1950s, when the Capitol Wrestling Corporation (CWC) presented the inaugural performance on January 7, 1953. The identity of the CWC’s creator remains a mystery. Some sources credit Vincent J. McMahon as the company’s founder, while others credit McMahon’s father, Jess McMahon. The CWC eventually joined the National Wrestling Alliance (NWA), and Toots Mondt, a well-known New York promoter, soon followed.

Because of their supremacy in the densely populated Northeastern United States, Vincent J. McMahon, and Toots Mondt were highly successful and quickly controlled nearly 70% of the NWA’s booking. In 1963, McMahon and Mondt had a disagreement with the NWA about the booking of “Nature Boy” Buddy Rogers to hold the NWA World Heavyweight Championship.

Other NWA promoters accused Mondt and McMahon of withholding Buddy’s defenses in their cities instead of only defending in Mondt and McMahon’s cities, thereby establishing a monopoly on the World Heavyweight Championship. On January 24, 1963, the NWA brought Lou Thesz, a former 5-time World Champion and real wrestler, to Toronto to face Buddy Rogers in a now-famous match.

This was not premeditated, according to Thesz, who recalls telling Buddy before the match, “We can do this the easy way or the hard way.” Buddy agreed to lose the fall and the title in a one-fall match rather than the customary two-out-of-three-fall matchup used in most World Title defenses.

When word of the title change reached Mondt and McMahon, they first dismissed it. Buddy Rogers was marketed as the NWA World Champion or just the World Heavyweight Champion in their territory from January to April 1963. The World Wide Wrestling Federation was not formed immediately following Rogers’ one-fall loss to Thesz, as many people believed the day after. In protest, Mondt and McMahon both quit the NWA, forming the World Wide Wrestling Federation (WWWF) in the process.

They invited along Willie Gilzenberg, a long-time New Jersey boxing, and wrestling promoter. Gilzenberg became the inaugural president of the World Wide Wrestling Federation in June 1963. Buddy Rogers defeated long-time Capitol Sports favorite, Antonino Rocca, in a fictional tournament in Rio de Janeiro on April 25, 1963, considered the start of the WWE’s existence.

Rocca was no longer in the region since he was working in the Carolinas for Jim Crockett Sr. Buddy Rogers had also had a career-ending heart attack on April 18 in Akron, Ohio, and was recovering in an Ohio hospital at the time of the supposed tournament. Despite the WWWF’s withdrawal from the NWA in the late 1960s, Vince McMahon, Sr. discreetly re-joined the NWA in 1971.

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