World Wrestling Entertainment, Inc.[6] (doing business as WWE, Inc.;[7] NYSE: WWE) 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 promotion in the world, reaching 13 million viewers in the U.S. and broadcasting its shows in 30 languages to more than 145 countries.[8] It promotes under two brands, known asRaw and SmackDown.
Vince McMahon is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Linda McMahon, and their children Shane McMahon and Stephanie McMahon-Levesque (WWE Executive Vice President of Talent and Creative Writing), the McMahons hold approximately 70% of WWE'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.[9][10]
WWE 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 World Wide Wrestling Federation(WWWF) and later the World Wrestling Federation (WWF). In 1982, it was sold to the same family's Titan Sports company, which later changed its name to World Wrestling Federation Entertainment, before becoming World Wrestling Entertainment in 2002, and simplified to WWE in 2011
Chris Jericho has been suspended for 30 days due to an irresponsible act of denigrating the Brazilian flag at a WWE live event in São Paulo on May 24. WWE has apologized to the citizens and the government of Brazil for this incident.
At a WWE Live Event in at São Paulo, Brazil, on Thursday evening, Chris 
“I made a bad judgment call in the course of entertaining [
During Jericho’s match with the WWE Champion at São Paulo’s Ginásio do Ibirapuera, the flag found its way into the ring, where Jericho crumpled it up and then kicked it.
Local law enforcement stopped the bout and gave Jericho the opportunity to apologize to those in attendance or face incarceration. The former World Champion expressed his regret to the crowd and the WWE Live Event continued.
Due to his actions, WWE officials suspended Jericho for 30 days.
“It was a bad move,” Jericho said. “I did it with [our] fans’ entertainment in mind and I’ll accept the consequences for that.”
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Mexican Aristocrat Alberto Del Rio will vie for SmackDown’s richest prize at No Way Out, when he challenges
After Sheamus impressively retained his title against Del Rio, Randy Orton and Chris Jericho in a hellacious Fatal 4-Way Match at
Per John Laurinaitis’ Executive Administrator Eve, the WWE Universe witnessed Orton, Del Rio and the monstrous Kane battle it out to determine who would face Sheamus at No Way Out – the first of such pay-per-view events since 2009. When Daniel Bryan distracted Kane during the bout, the preoccupied Big Red Monster ate an RKO from Orton that seemed to seal a victory for The Viper. However, Del Rio would soon capitalize by breaking up the pinfall and stealing a three-count victory over the prone Kane. The Mexican Aristocrat was quick to gloat about his questionably earned win, but Sheamus cut the celebration short when he ambushed Del Rio from behind on the entrance ramp.
“I can’t wait to kick your head off at No Way Out!” The Great White warned as Del Rio writhed on the steel grating. A clearer statement could not have been made that night.
Over the years, Sheamus has cemented himself as one of the most dominant brawlers in WWE, but he would be wise not to underestimate Del Rio. A two-time WWE Champion, Del Rio has craftily dispatched the likes of Rey Mysterio, Big Show and John Cena, using his keen intellect, technical proficiency and ruthless demeanor to keep even the most decorated WWE Superstars on notice.
Although sidelined due to injury last December, The Mexican Aristocrat fixed his gaze on the World Heavyweight Championship – and its bearer – immediately upon returning to SmackDown this past April. At No Way Out on Sunday, June 17, live on pay-per-view, Del Rio will finally get the one-on-one World Heavyweight Championship opportunity he has long felt entitled to – and Sheamus will face the level of competition he always craves.
As the saying goes, desperate times call for desperate measures, and it’s hard to argue that Big Show was anything other than desperate when he jumped ship to People Power and allowed John
Big Show’s appearance at
Cena and Big Show have, it should be noted, a more contentious history than the WWE Universe might remember. The giant famously chokeslammed Cena through a spotlight at Backlash 2009 (WATCH), and The World’s Largest Athlete clashed with The Cenation Leader over the United States Championship at WrestleMania XX (Cena won that contest, relieving the giant of the title). Big Show had worked prior to Over the Limit at keeping the WWE Universe in his good graces, but as the giant announced on Raw SuperShow the night after Over the Limit, he seems to feel his efforts have been unreciprocated.
Show claimed that Cena and the WWE Universe were not qualified to judge him, and his decision was made for love of the business and the security of his new, "ironclad" contract. He did what he had to do, despite the steepness of the price.
The price may yet get steeper, though. With Cena’s nemesis still running the show, and with a 7-foot wrecking ball at his disposal to boot, Cena is looking to make Show answer for his actions. After all, as the other saying goes, what goes around comes around, and The World’s Largest Athlete might well find it’s time to pay the piper when he meets Cena one-on-one.
