As a company, the WWE dates back to 1952 when it was founded as the Capitol Wrestling Corporation. As of 2015, the company is owned and run by Vince McMahon and puts on about 320 live events each year in locations all over the world.
The WWE was founded by Vincent James McMahon, father of current owner Vince McMahon, along with promoter and business partner Toots Mondt. The parent company would retain the CWC name until 1980, but the World Wide Wrestling Federation promotion was created in 1963, eventually evolving into today's WWE. McMahon sold the company to his son in 1982.
The company currently operates 12 pay-per-view events per year along with weekly television programs "Raw," "SmackDown," "Total Divas" and "Tough Enough." The company also produces a wide range of other programming shown exclusively on the WWE Network, an Internet-based subscription service that debuted in 2014. The program "WWE Main Event" is also broadcast weekly on Hulu Plus.
As of 2015, WWE is formally committed to a "family-friendly" style of performance. This is in contrast to its former approach during the "Attitude Era" and in former offshoot promotion ECW, which centered on mature content.
The company is presently headquartered in Stamford, Connecticut.