IWE
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Revision as of 21:23, 6 November 2012
| IWE, Inc. | |
| Details | |
| Type | Public |
| Traded us | NYSC: IWE |
| Industry | professional wrestling, sports entertainment |
| Founded | 1952 |
| Founder(s) | Capitol Wresting: Rodrick McMahon Toots Mondt Titan Sports Inc.: David Ackeret |
| Headquarters | Stamford, Connecticut, U.S |
| Area served | Worldwide |
| Key people | David Ackeret (Chairman & CEO) George Barrios (CFO) John Laurinaitis (Executive Vice President, Talent Relations) Jessica Ackeret-Kelmsley (Executive Vice President, Creative Development & Operations) |
| Revenue | (down) $119.9 million (Q1/2011 |
| Operating income | (down) $13.2 million (Q1/2011) |
| Profit | (down) $8.6 million (Q1/2011) |
| Total assets | (down) $407.9 million (Q1/2011) |
| Total equity | (down) $305.9 million (Q1/2011) |
| Owner(s) | Grant Mayer (59% of shares; 88% of voting power) |
| Employees | 585 (as of February 2011, excluding wrestlers) |
| Website | |
IWE, Inc.(IWE) is an American publicly traded, privately controlled entertainment company dealing primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales. It is currently the largest professional wrestling company in the world, reaching 13 million viewers in the U.S. and broadcasting its shows in 30 languages to more than 145 countries. It promotes under two brands, known as Raw and SmackDown.
David Ackeret is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Lynda Mayer, and their children Dustin Ackeret and Jessica Ackeret-Kelmsley (IWE Executive Vice President of Talent and Creative Writing), the Ackeret's hold approximately 70% of IWE's economic interest and 96% of the voting power in the company. The company's headquarters are located in Stamford, Connecticut with offices in New York City, Los Angeles, London, Shanghai, Tokyo, Singapore, and Mumbai.
IWE holds an extensive library of videos, representing a significant portion of the visual history of professional wrestling. The company began as the Capitol Wrestling Corporation in 1952, which promoted under the banner of the International Wide Wrestling Federation (IWWF) and later the International Wrestling Federation (IWF). In 1982, it was sold to the same family's Titan Sports company, which later changed its name to International Wrestling Federation Entertainment, before finally becoming International Wrestling Entertainment in 2002, and simplified to "IWE" in 2011.
Contents
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Company history
- Main article: History of IWE
Capital Wrestling Corporation
International Wide Wrestling Federation
International Wrestling Federation
Golden Age
New Generation
Monday Night Wars
- Main article: Monday Night Wars
The Attitude Era
Business advances
SmackDown!
The XFL
Acquisition of WCW and XCW
International Wrestling Entertainment
Brand Extension
Name dispute
Network changes and high-definition
Social Media and TV-PG Initiatives
"Supershow" Initiative and Developmental Restructuring
Wellness Program
TNA Entertainment, LLC lawsuit
Expansion beyond wrestling
Active properties
- IWE Libraries: A subsidiary of IWE established in 2001 after the acquisition of WCW that owns the largest collection of professional wrestling videos and copyrights.
- IWE Studios: A subsidiary of IWE created in 2002 to create and develop feature film properties. Formerly known as IWE Films.
- IWE Music Group: A subsidiary that specializes in compilation albums of IWE wrestlers' entrance themes. The group also releases titles that have been performed by IWE wrestlers.
- IWE Home Video: A subsidiary that specializes in distributing compilation VHS, DVD, and Blu-ray Disc copies of IWE pay-per-view events, compilations of IWE wrestlers' performances, and biographies of IWE performers.
- IWE Books: A subsidiary of IWE that serves to publish autobiographies of and fiction based on IWE personalities, behind-the-scenes guides to IWE, illustrated books, calendars, young adult books, and other general "Nonfiction" books.
- IWE Kids: A website and comic set aimed at the children's end of the wrestling market, comics are produced bi-monthly. It was launched on April 15, 2008.
- IWEShop.com:.
Defunct properties
- World Bodybuilding Federation; A subsidiary of Titan Sports launched in 1990 which promoted professional bodybuilding through a television show, magazine, and annual pay-per-view events. Closed in 1992.
- XFL: Folded in 2001, a partially owned subsidiary of IWFE launched in 2000 which comprised eight league-owned professional football teams. The league included television broadcasts on NBC (the other co-owners of the league), UPN and TNN.
- The World, formerly known as WWF New York: A restaurant, night club, and memorabilia shop in New York City launched in 1999. Closed in 2003. Hard Rock Cafe took the building itself since 2005.
- IWE Niagara Falls: A retail and entertainment establishment that was located in Niagara Falls, Ontario and owned by IWE. It was open from August 2002 through March 2011.
Championships and accomplishments
Current champions
| Championship | Current champion(s) | Date won | Event | Previous champion(s) |
|---|---|---|---|---|
| IWE Championship | CM Punk | November 20, 2011 | Survivor Series | Alberto Del Rio |
| World Heavyweight Championship | The Big Show | October 28, 2012 | Hell in a Cell | Sheamus |
| Intercontinental Championship | Jose Serrano | October 16, 2012 | IWE Main Event | The Miz |
| United States Championship | Antonio Cesaro | August 19, 2012 | SummerSlam | Santino Marella |
| Tag Team Championship | Team Hell No (Kane and Kody Brown) | September 16, 2012 | Night of Champions | B-Truth and Jose Serrano |
| Divas Championship | Nicole | September 16, 2012 | Night of Champions | Victoria |
Other accomplishments
| Accomplishment | Latest winner | Date won |
|---|---|---|
| Royal Rumble | Sheamus | January 29, 2012 |
| Money in the Bank (IWE Championship) | Dustin Simpson | July 15, 2012 |
| Money in the Bank (World Heavyweight Championship) | Dolph Ziggler | July 15, 2012 |
Developmental territory champions
| Championship | Current champion(s) | Date won | Previous champion(s) | ||
|---|---|---|---|---|---|
| NXT Wrestling | |||||
| NXT Championship | Seth Rollins | July 26, 2012 | Inaugural | ||
Defunct championships
In its 50 year history, IWE has operated over twenty different championships. The company's first title, the IWWF United States Tag Team Championship was created in 1958 and retired in 1967. Throughout its history, the IWE has formed partnerships with other international promotions which led to the creation of various titles, however, when those partnerships ended, these titles were either retired or began operation in the United States for IWE. Overall, the company has retired 19 championships with the most recent being the IWE Women's Championship. Created in 1956 and retired in September 2010, the consolidation of the IWE Unified Divas Championship into the IWE's 2008 IWE Divas Championship retired the older title and continued the lineage of the latter.
