Who Is the WWE?
Contents
The WWE is a publicly traded company that produces professional wrestling entertainment. The company’s live events are a big part of its business, as are its TV shows, movies, digital content, and merchandise.
What is the WWE?
WWE is an American professional wrestling promotion based in Stamford, Connecticut. WWE has also promoted Greek mythology, royal rumble, mixed martial arts, and numerous other events. WWE personnel consists of professional wrestlers, managers, play-by-play and color commentators, ring announcers, interviewers, referees, trainers, producers, script writers, and other executives. WWE originally stands for World Wrestling Entertainment.
The WWE’s History
The WWE is a professional wrestling entertainment company that was founded in 1952. It was originally known as the Capitol Wrestling Corporation and was founded by Jess McMahon and Toots Mondt. The WWE has seen many changes over the years, but it has remained one of the most popular entertainment companies in the world.
The WWE’s Early Days
The WWE has come a long way since its early days. In the 1950s, it was known as the Capitol Wrestling Corporation (CWC), and was founded by Jess McMahon and Toots Mondt. The company didn’t gain true national prominence until the 1970s, when it was sold to Vince McMahon Sr., who renamed it World Wide Wrestling Federation (WWWF). The McMahon family has been in charge of the WWE ever since.
In the 1980s, the WWE became known for its larger-than-life personalities and over-the-top storylines. The most popular wrestlers from this era include Hulk Hogan, Andre the Giant, and “Macho Man” Randy Savage. The company also introduced groundbreaking television programs like “Saturday Night’s Main Event” and “WrestleMania.”
In the 1990s, the WWE continued to grow in popularity, thanks in part to iconic wrestlers like “Stone Cold” Steve Austin, The Rock, and Bret “The Hitman” Hart. The company also expanded its reach globally, becoming a truly global enterprise.
Today, the WWE is one of the most popular entertainment brands in the world. It produces programming that is watched by millions of people around the globe each week. And it continues to innovate, creating new ways for fans to engage with its superstars and stories.
The WWE’s Modern Era
The WWE’s Modern Era can be traced back to the early 2000s when the company underwent a massive transformation. The ‘Attitude Era’ saw the introduction of edgier, more adult-themed content and storylines and was widely considered to be the most successful period in WWE’s history. This was followed by a gradual shift back towards family-friendly entertainment in the early 2010s. Today, the WWE is once again embracing a more adult audience with its programming appearing on cable TV networks such as USA Network and Fox Sports 1.
The WWE’s Business Model
WWE is an integrated media and entertainment company primarily known for professional wrestling.WWE’s business model includes producing and distributing content through various television, digital and social platforms, as well as live events. The company also operates WWE Network, a direct-to-consumer streaming service.
The WWE’s Business Strategy
The WWE is a publicly traded company that relies heavily on revenue from television rights fees, live event ticket sales, and merchandise sales. The company has a long-term strategy of growing its global reach through increased television coverage and the expansion of its live event schedule. In recent years, the WWE has also been investing in digital and social media platforms to reach a wider audience.
The WWE’s Business Structure
The WWE is a publicly traded company, with stock traded on the New York Stock Exchange under the ticker symbol “WWE.” As of 2019, the WWE has a market capitalization of around $3 billion.
The WWE is structured as a holding company, with several subsidiaries involved in various aspects of its business. These subsidiaries include:
-WWE Studios: A film production studio that produces and finances feature films, television shows and digital content
-WWE Network: A subscription-based video streaming service that features live and on-demand programming
-WWE Home Entertainment: A home video distribution company that releases DVDs, Blu-rays and digital content
-WWE Music Group: A music label that releases albums and singles featuring WWE superstars and themes
The WWE’s Financials
WWE is an American publicly traded, privately controlled entertainment company that deals primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales. WWE also refers to the professional wrestling promotion itself, founded by Jess McMahon and Toots Mondt in 1952 as Capitol Wrestling Corporation Ltd.
The WWE’s Revenue
According to the WWE’s 2018 SEC Form 10-K, their revenue consists of four main segments:
-Live and televised entertainment (80%)
-Consumer products (10%)
-Digital media (5%)
-Professional wrestling training (5%)
The majority of the WWE’s revenue comes from their live and televised entertainment segment, which includes ticket sales, pay-per-view fees, and broadcasting fees. The consumer products segment includes merchandise sales, while the digital media segment includes online content subscriptions and advertising fees. Lastly, the professional wrestling training segment includes tuition fees from their developmental territory, NXT.
The WWE’s Expenses
The WWE’s main source of revenue is from selling media rights to its broadcasts, which includes the weekly television shows Raw and SmackDown, and monthly pay-per-view events. These broadcasts are shown on various television networks around the world, with Raw being shown on the USA Network in the United States and SmackDown being shown on FOX in the United States. The WWE also has a strong online presence, with its website generating a significant amount of traffic and its YouTube channel having over 2 million subscribers.
In addition to revenue from media rights, the WWE also generates revenue from ticket sales for its live events, merchandise sales, and WrestleMania Axxess (a fan convention that takes place during WrestleMania weekend). The WWE’s main expenses are related to talent compensation, production costs for its television shows and live events, and marketing expenses.
The WWE’s Future
Since the early 2000s, the WWE has been a publicly traded company, meaning that anyone can buy and sell shares of its stock. And since Vince McMahon took the company public, the WWE’s stock has done nothing but go up. In the past year alone, the WWE’s stock has doubled. So, what does the future hold for the WWE?
The WWE’s Plans for Growth
In order to continue its global growth, the WWE has set its sights on a few key areas in the coming years.
Firstly, the WWE plans to expand its live event business by delivering more than 500 live events each year. This will be a mix of WWE’s traditional pay-per-view events, as well as new live events that will be held in new markets around the world.
To support this growth in live events, the WWE is also looking to increase its global reach by launching a new 24/7 linear channel in 2019. This channel will not only feature WWE programming, but also original content and shows from other networks that are partners with the company.
Lastly, the WWE plans to continue to grow its digital business, which includes its subscription service, WWE Network. Currently, WWE Network has 1.8 million subscribers and the company is looking to increase that number to 2 million by 2019.
The WWE is clearly focused on continuing its growth in the coming years and it seems like they have a solid plan in place to make that happen.
The WWE’s Potential Challenges
The WWE is facing a number of potential challenges in the coming years. The company’s business model is reliant on live events and television rights fees, which could be impacted by the coronavirus pandemic. The WWE has also been criticized for its booking decisions and the lack of competition from other wrestling promotions. Additionally, the company has a number of aging stars and is facing increased competition from mixed martial arts and streaming services such as Netflix.