Vincent McMahon not only used the money to recruit stars and bankruptcy of so many wrestling organizations, but he also “turned around” with a longtime media partner to create his platform, an “empire.” “WWE has no rivals.”
In the 1990s, although American wrestlers became popular but operated very “fragile”, each locality would have an organization with separate “superstars”.
After acquiring WWE from his father in 1982, Vincent McMahon has spent dozens of years “fighting East North”, challenging from competitors to trusted partners.
WWE has now become an international media force, with sales of more than $ 800 million and more than 50 events a year, referring to wrestlers, everyone remembers “WWE”.
WWE and its competitors
For decades, professional wrestling has become a major force in North American entertainment. A series of wrestling organizations were created to recruit, train and cum marketing, organization and communication at each “territory” separately.
WWE was founded in 1952 as “Capitol Wrestling Corporation” (CWC for short). With two co-founders of Jess McMahon and Toots Mondt, CWC focuses its activities mainly in the North East “territory”.
According to former wrestler Jim Ross: “America at the time had 30 to 40 different” wrestling “territories, this division came from monopoly in each region, poor competition led to market share. shredded by many different organizations. “
Each territory is also marked by its own “stars” with the ability to sell out and attract a large audience through TV. The most prominent is Hulk Hogan of Minnesota, Canada’s Bret Hart and Ric Flair of the Atlantic.
The turning point took place in 1982 when Vincent Kennedy McMahon bought his father’s Wrestling Company and renamed World Wrestling Entertainment (WWE) afterward. For two decades, Vincent tried to “fight East and North”, aiming to make WWE the largest and only media conglomerate in North America.
It must include Vincent’s first and extremely “risky” plan: shaking hands with cable TV to “spread” WWE’s matches across the region. WWE content immediately “violated” the location of many organizations, giving little criticism and hatred from industry competitors.