History of WWE
(From Capitol Wrestling Corporation Ltd to WWE)
The history of WWE dates back to the early 1950s when it was created by Jess McMahon and Toots Mondt in 1952 as Capitol Wrestling Corporation (CWC).
WWE’s roots can be traced back as far as 1952 when Roderick James “Jess” McMahon and Toots Mondt formed the Capitol Wrestling Corporation Ltd. (CWC), which joined the National Wrestling Alliance (NWA) in 1953. McMahon, who was a successful boxing promoter, began working with Tex Rickard in 1926. With the help of Rickard, he began promoting boxing and wrestling at the third Madison Square Garden. It was not the first time McMahon had promoted wrestling cards, as he had already done so during the 1910s.
Vincent J. McMahon’s son, Vincent K. McMahon, and his wife Linda, established Titan Sports, Inc., in 1979 in South Yarmouth, Massachusetts. The company was incorporated on February 21, 1980, in the Cape Cod Coliseum offices. The younger McMahon bought Capitol from his father in 1982, effectively seizing control of the company. Seeking to make the WWF the premier wrestling promotion in the country, and eventually, the world, he began an expansion process that fundamentally changed the wrestling business.
The WWF was hit with allegations of steroid abuse and distribution in 1992 and was followed by allegations of sexual harassment by WWF employees the following year. McMahon was eventually exonerated, but it brought bad public relations for the WWF, and overall bad reputation. The steroid trial cost the company an estimated $5 million at a time of record low revenues. This helped drive many WWF wrestlers over to rival promotion World Championship Wrestling (WCW), including 1980s babyface hero Hulk Hogan. During this period, the WWF promoted wrestlers of a younger age comprising “The New Generation”, featuring Shawn Michaels, Diesel, Razor Ramon, Bret Hart, and The Undertaker, in an effort to promote new talent into the spotlight.
As the Monday Night Wars continued between Raw Is War and WCW’s Nitro, the WWF would transform itself from a family-friendly product into a more adult oriented product, known as the Attitude Era. The era was spearheaded by WWF VP Shane McMahon (son of owner Vince McMahon) and head writer Vince Russo.
1997 ended with McMahon facing real-life controversy following Bret Hart’s controversial departure from the company, dubbed as the Montreal Screwjob. This proved to be one of several founding factors in the launch of the Attitude Era as well as the creation of McMahon’s on-screen character, “Mr. McMahon”.
World Wrestling Federation, Inc. /World Wrestling Federation Entertainment, Inc.
On May 6, 1998, Titan Sports, Inc. was renamed World Wrestling Federation, Inc. It was renamed World Wrestling Federation Entertainment, Inc. a year later.
World Wrestling Entertainment, Inc. /WWE
On May 5, 2002, the World Wrestling Federation announced it was changing both its company name and the name of its wrestling promotion to World Wrestling Entertainment (WWE). Although mainly caused by an unfavorable ruling in its dispute with the World Wide Fund for Nature regarding the “WWF” initialism, the company noted it provided an opportunity to emphasize its focus on entertainment.