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Vince McMahon, chairman and CEO of WWE, owns the maximum shares in the company. Since the 1980s, WWE publicly has branded their product as sports entertainment. The fact that the fights are not legitimate was first publicly acknowledged by WWE's owner Vince McMahon in 1989 to avoid taxes from athletic commissions. The fighters often suffer fatal injuries while pulling off scarcely-believable stunts. However, the scripted fights do not undermine the dangers involved in the show.
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The fights feature storyline-driven, scripted, and choreographed matches. The company's global headquarters is located in Stamford, Connecticut, with offices in major cities across the world.īut unlike the usual wrestling events, the WWE are purely entertainment-based. The show covers a staggering 36 million viewers in more than 150 countries. As of now, it holds more than 500 events a year. Currently, it is the biggest promotional wrestling company. And with the passage of time, it became one of the biggest entertainment companies in the world. The company was founded by Jess McMahon and Toots Mondt in 1952, initially known as the Capitol Wrestling Corporation. In addition to wrestling, WWE is also involved in other fields like movies, real estate, and various other business ventures.
WWE ROYAL RUMBLE WIKI PROFESSIONAL
or more popularly the WWE is an entertainment company that has made a name for itself because of professional wrestling.