History of WWE

The history of American professional wrestling promotion WWE dates back to the early 1950s when it was founded on January 7, 1953 as the Capitol Wrestling Corporation (CWC). The public branding of the company has undergone several name changes throughout the years, from the CWC to the World Wide Wrestling Federation (WWWF) in 1963, then the World Wrestling Federation (WWF) in 1979, and to World Wrestling Entertainment (WWE) in 2002. Since 2011, it has branded itself solely as WWE. On September 12, 2023, Endeavor, the parent company of mixed martial arts promotion Ultimate Fighting Championship, and WWE merged the two companies into a new parent company, TKO Group Holdings. WWE and UFC continue to operate as separate divisions of the company with WWE focusing on professional wrestling and UFC focusing on mixed martial arts. In 2023, WWE's legal name was changed to World Wrestling Entertainment, LLC, although the branded name remained WWE.

WWE is the largest professional wrestling promotion in the world. It has promoted some of the most successful wrestlers and storylines, and featured some of the most iconic and significant matches and moments in the history of sports entertainment. WWE airs several high-profile programs, such as Raw and SmackDown, in more than 150 countries, hosts at least 12 pay-per-view events a year including its flagship event WrestleMania, and holds approximately 320 live events a year throughout the world. In 2014, WWE launched the first 24/7 streaming network (WWE Network), which would eventually showcase the entire WWE video library (WWE Libraries).

WWE's origins can be traced back to the 1950s when on January 7, 1953, the first show under the Capitol Wrestling Corporation (CWC) was produced. There is some uncertainty as to who the founder of the CWC was. Some sources state that it was Vincent J. McMahon, while other sources cite McMahon's father, Roderick James "Jess" McMahon (who died in 1954) as the original founder of CWC. The NWA recognized an undisputed NWA World Heavyweight Champion that went to several different professional wrestling promotions in the NWA. The championship was defended around the world. The NWA generally promoted strong shooters as champions, to give their worked sport credibility and guard against double-crosses. While doing strong business in the Midwest (the NWA's core region), these wrestlers attracted little interest in the CWC territory. In 1961, the NWA board decided instead to put the championship on bleach blond showman "Nature Boy" Buddy Rogers, a much more effective drawing card in the region.

The rest of the NWA was unhappy with McMahon and Toots Mondt because he rarely allowed Rogers to wrestle outside of the Northeast. Mondt and McMahon wanted Rogers to keep the NWA World Heavyweight Championship, but Rogers was unwilling to sacrifice his $25,000 deposit on the championship belt (championship holders at the time had to pay a deposit to insure they honored their commitments as champion). Rogers lost the NWA World Heavyweight Championship to Lou Thesz in a one-fall match in Toronto, Ontario, Canada on January 24, 1963, which led to Mondt, McMahon, and the CWC leaving the NWA in protest, creating the World Wide Wrestling Federation (WWWF) in the process.

The World Wide Wrestling Federation (WWWF) was formed on January 24, 1963. On April 25, 1963, Buddy Rogers was awarded the new WWWF World Heavyweight Championship, supposedly winning an apocryphal tournament in Rio de Janeiro. He lost the championship to Bruno Sammartino a month later on May 17, 1963, after suffering a heart attack shortly before the match. To accommodate Rogers' condition, the match was booked to last under a minute.

Sammartino would retain the title for seven years, eight months and one day (2,803 days), making his the longest continuous world championship reign in men's wrestling history. Although Sammartino was the face of the WWWF, wrestlers such as Superstar Billy Graham and Bob Backlund were also hugely popular.^{[citation needed]} The WWWF gained notoriety in the 1970s by holding their biggest shows at Shea Stadium or Madison Square Garden and doing strong business across the entire Northeast megalopolis. They leveraged former, but still popular, wrestlers such as Captain Lou Albano, "Grand Wizard of Wrestling" Ernie Roth and "Classy" Freddie Blassie to act as managers for Sammartino's heel (villainous) opponents. At this time, only babyface (fan favorite) wrestlers were allowed to have long championship reigns, such as Bruno Sammartino, Pedro Morales and Bob Backlund, who all retained for more than one year each. The heel champions, such as Ivan Koloff and Stan Stasiak, were used to "transition" the championship from one wrestler to another, and they generally kept the title for no more than a single month-long program before dropping it to the next babyface. Graham was the only heel character to keep his championship for longer than one month, as the WWWF felt it needed time to build Backlund up as championship material.

The WWWF was relatively conservative for promotions of its day; running its major arenas monthly rather than weekly or bi-weekly. Programs generally involved a babyface champion facing a heel challenger for one to three meetings in each scheduled town; for longer programs the heel would often win the first match in a non-decisive manner such as a countout or via excessive blood loss, and the champion would then retain in an ultraviolent blow-off match such as a steel cage match or Texas Death match. Unlike most of the NWA territories, the main event would occur in the middle of the arena show cards, allowing the company to build upon the match's finish in order to sell tickets to the next event; reliable, popular workers such as Chief Jay Strongbow would then wrestle at the end of the show to send the crowd home happy. The WWWF also featured popular wrestlers based out of non-WWWF territories such as Dusty Rhodes and retained the services of (at the time) the most popular and highly paid wrestler in the world, André the Giant, in between his territorial and international obligations.

WWWF held their then-major event Showdown at Shea three times at Flushing, New York's Shea Stadium in 1972, 1976 and 1980. Bruno Sammartino main evented the 1972 and 1980 events, wrestling Pedro Morales to a 75-minute time limit draw in 1972, and defeating Larry Zbyszko in a Steel cage match in 1980. The main event of the 1976 event was a "Boxer vs Wrestler" fight between Muhammad Ali and Antonio Inoki which ended in a draw. At that event, Sammartino had retained the WWWF World Heavyweight Championship against Stan Hansen. The 1972, 1976 and 1980 events each had attendance figures of 22,508, 32,000, and 36,295 respectively.