WWE (World Wrestling Entertainment)

 WWE (World Wrestling Entertainment)

World Wrestling Entertainment, Inc. (WWE) is a publicly traded sports entertainment company that is primarily known for its professional wrestling programming. The company was founded in 1952 by Vince McMahon's father, Vincent J. McMahon, and was initially called Capitol Wrestling Corporation. Vince McMahon took over the company in 1982 and transformed it into the global entertainment powerhouse it is today.

WWE's main source of revenue is its live events and television programming, which includes its flagship shows "Raw" and "SmackDown." The company also generates revenue through its various licensing deals, such as merchandise and video games, as well as its streaming service, WWE Network.

In 1999, WWE made its initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol WWE. The company's stock performed well in the early years following the IPO, but the stock price began to decline in the early 2000s due to a combination of factors, including increased competition from rival wrestling promotions and a decline in television ratings. In 2002, Vince McMahon announced that he would take the company private again by buying back all the outstanding shares of stock for $17.50 per share. This move was completed in 2003.

WWE went public again in October 2013, with an initial public offering price of $17 per share. In the years following the re-IPO, the company has seen a steady increase in revenue, but the stock has been a bit volatile, with the stock price fluctuating along with the company's earnings results and various other factors.

The company has been also making strategies to leverage its IP and expanding globally, as well as creating new business opportunities such as streaming, short form videos, and new partnerships. The company has also been investing into new technologies and production equipment to optimize its content creation capabilities.

WWE has also been expanding its reach and diversifying its revenue streams by creating partnerships with other companies and expanding into new markets. It has been working with television networks around the world to air its programming, and has also signed licensing deals to create merchandise and video games based on its intellectual property.

On 2021, Vince McMahon still is the majority shareholder of the company and holds the role of CEO and chairman.

In summary, WWE is a publicly traded company that generates revenue primarily through its live events and television programming. The company has undergone changes in its ownership structure, going from being publicly traded to privately held and back to being publicly traded again. Despite facing some challenges, the company has consistently grown its revenue over the years by expanding into new markets and creating new business opportunities. However, its stock has been a bit volatile and the company is facing a decline in the television ratings.