World Wrestling Federation was a sports entertainment company founded by Vincent McMahon Jr. It started with the name Capital wrestling Corporation Ltd (CWC) created by Roderich McMahon and Raymond Mondt. CWC joined the National Wrestling Alliance (NWA) in 1953. Within a short time they handled the lion’s share of NWA’s booking. Due to their dominance in North east regions like Pittsburgh, Washington D.C and Maine they were called Northeast Triangle.
Mondt and McMahon left NWA when the reigning champion “Nature Boy” Buddy Rogers lost a match in January 1963. Later they started the World Wide Wrestling Federation (WWWF) which became the World Wrestling Federation (WWF) in 1979. The ownership and front office personnel remained which made the change purely cosmetic.
McMahon, Jr Leadership
In 1980, Vincent McMahon Jr started the company Titan Sport Inc, and, in 1982, he purchased CWC from his father. McMahon Jr. broke all the unwritten laws of regionalism which were the basis of wrestling. WWF matches were broadcasted through televisions all across United States and video tapes of the wrestling events, which were very much in demand, were also sold. He bought talent from his rival companies by offering huge amounts. All this, of course, made the world wide wrestling promoters furious, and they in turn started a direct competition with WWF.
Signing the Stars
In the 1980s the WWF signed a number of stars, including Terry Bollea, aka: "Hulk Hogan", who at that time was the NWA Southeast Champion and had nationwide recognition. Along with Hulk Hogan, the NWF signed Jesse Ventura, Jimmy Snuka, Andre The Giant, Paul Orndorff, Ricky Steamboat and Iron Steak, and with these signings, launched into even greater success.
A huge capital was invested on McMahon’s experimental and ground breaking concept of WrestleMania in 1985 and it was a pay-per-view extravaganza. It surely did an incredible business turnover on McMahon and his team of wrestlers. WrestleMania III was introduced in 1987 and was considered the pinnacle of the 1980s wrestling boom. It featured a rematch of Hulk Hogan against Andre The giant and was millions of fans watched. The In 2010, the WrestleMania tradition continued on and celebrated its 25 year history at the Reliant Stadium in Houston with a crowd of over 72,000 fans. Scheduled for April 2011, it is expected that WrestleMania XXVII will receive sellout crowds as well.
A New Name
By the late 1980s a dispute erupted regarding the confusion with the initials WWF which also stood for World Wildlife Fund. Thus on May 6, 2002, the wrestling company name was changed from World Wrestling Federation to World Wrestling Entertainment (WWE).