WWE in full stands for World Wrestling Entertainment. This is an American company, World Wrestling Entertainment, Inc. It is an integrated media and entertainment company that is taking Americans and the whole world by storm, for its thrilling professional wrestling. Other than just wrestling, WWE also branches to other non-wrestling endeavours such as movies, has a hand in the real estates and a host of other business ventures. Under such circumstances, the need to know the net worth of WWE in 2019 is undeniable. Fortunately, this piece has you covered.
WWE also refers to professional wrestling promotions and was founded in 1952 by Jess McMahon and Toots Mondt then as Capitol Wrestling Corporation. By 2018, WWE is so far the largest wrestling promotion the world over that holds more than 500 events each year. The roster is divided into many global travelling brands, available to up to 36 million viewers in over 150 countries. The company headquarter is in Stamford, Connecticut and has offices in various major cities throughout the world.
What viewers have never understood is that the WWE contests are not a genuine contest but are only entertainment-based which features a storyline, scripts, and choreographed matches. However the matches most of the time includes moves which are performed at risk of injuries if they are not properly performed.
The fact above was publicly acknowledged by the company’s owner Vince McMahon in 1989 to evade taxes from the athletic commission. The company since the 80s has branded its product as sports entertainment acknowledging the brand’s roots in the competitive sport and dramatic theatre.
WWE Evolution is an imminent women’s professional wrestling PPV event and WWE network event. PPV stands for pay per view. WWE solely produces this for their NXT Raw, SmackDown and NXT UK brands. The event will take place on 2018 October 28th. The event will be held in the Nassau Veterans Memorial Coliseum, Uniondale, New York. This event will be the first ever WWE pay per view that will solely consist of women matches. All WWE women’s championships will be defended during the event. The event will as well feature the finals of the 2018 Mae Young Classic tournaments.
The Slammy Awards is the WWE’s concept just like the Academy and Grammy Awards where it awards professional wrestlers and individuals within the WWE. This concept was introduced in 1986, and it seeks to award wrestlers, commentators, and even managers. The Slammy Awards was last used in 2015 after 13 editions of the concept. They are a mixture of “serious” and “tongue-in-cheek”. The winners receive a statuette which depicts a wrestler holding another over their head.
Net Worth & Earnings
WWE Company currently net worth is more than $5 billion. In 2016, the company sales jumped to 11% this jumped to 21% the next year. Its stock climbed to 66% in 2017 and 2018; the stock grew 12% up. Despite these strong earnings, it is believed that its stock recently fell 0.5% to $33.84. This drop is minor compared to the whole market, as the Dow Jones Industrial Average dipped 4.15%
WWE matches keep everyone on the edge of their seats. Most fans around the world love watching the thrilling fights. However, as you have seen above, these are not real fights. They are stage-managed. The superstars also are not invincible as more often when they fail to execute the risky movers, they sustain injuries despite them being professionals. While you watch each match on TV or live, the company generates their income. So at the end of the day, it is a business just like any other business you know of. One thing that interests us though is that this company not only focuses on professional wrestling alone but also other business ventures such as the real estates and more.