Post by Justin King on Apr 7, 2011 21:44:42 GMT -5
Source: Click here
There's no April's fool joke there, that is a real headline you just read. World Wrestling Entertainment is no longer...well, World Wrestling Entertainment. Actually, there's no more wrestling at all.
WWE, Inc., as they are now officially known, have completely dropped the term "wrestling" and no longer have anything to do with that term. WWE sent out a press release this week, stating the following:
WWE CEO Vince McMahon has stated that he wanted to eliminate the word "wrestling" from their product, as they have moved on to a solely entertainment-based organization. Speaking with the LA Times, McMahon said, "I want everyone to look at us in a vastly different way than they have. It is a logical broadening of what we already do."
He was then asked about the product as a whole. "Nobody does television production better than we do, it's damn near the olympics," he said. "We know more about live event touring in the United States than anybody."
There are also plans for a WWE television network, which will feature matches and events from their enormous library they own. WWE hopes their network will be ready for launch sometime in 2012.
The organization features several Texas-based personalities, such as Mark Henry and Houston natives The Undertaker and Booker T. Booker runs a wrestling school and promotion here in Houston called PWA. You can check out the official PWA website for more information about that. The newest addition to their television lineup, the rebirth of the "Tough Enough" show, features Victoria, Texas native 'StoneCold" Steve Austin as the host, with Booker T as one of the trainers.
Thoughts?
There's no April's fool joke there, that is a real headline you just read. World Wrestling Entertainment is no longer...well, World Wrestling Entertainment. Actually, there's no more wrestling at all.
WWE, Inc., as they are now officially known, have completely dropped the term "wrestling" and no longer have anything to do with that term. WWE sent out a press release this week, stating the following:
To better reflect the company's global entertainment offerings, World Wrestling Entertainment, Inc. (NYSE: WWE) announced today a new business model for future growth, including formally rebranding itself, WWE.
Two key components to WWE's brand expansion will be the active pursuit to acquire entertainment content companies and the outsourcing of WWE's core competencies – television and film production, live event production and licensing. As part of the new business model, the company will also focus on the development of new television products including scripted, non-scripted and animated programs, as well as the launch of a new WWE network in the next 12-18 months. The first new program of the brand expansion is Tough Enough, WWE's non-scripted program that debuted on the USA Network on Monday.
"The new business model of the company better reflects what WWE is all about, being a global entertainment company," stated Vince McMahon, Chairman and CEO, WWE. "We will always be loyal to our core business that made WWE a globally known entity, however, the future of WWE will be the addition of new entertainment content opportunities beyond the ring."
This new rebranding initiative will be highlighted through a national consumer and business-to-business advertising campaign entitled "Bigger. Badder. Better.™" The campaign kicked off at WrestleMania® XXVII on Sunday and will be featured on cable TV, print and online.
In addition to focusing on the expansion of the company, the company will bolster its core business with the launch a new talent development department headed by Paul "Triple H" Levesque. The new department will put a greater emphasis on worldwide recruitment, training and character development to identify future WWE Superstars and Divas. The first recruit acquired under Levesque's new department was the signing last month of future WWE Superstar, Sin Cara, formerly known worldwide as Mistico.
WWE CEO Vince McMahon has stated that he wanted to eliminate the word "wrestling" from their product, as they have moved on to a solely entertainment-based organization. Speaking with the LA Times, McMahon said, "I want everyone to look at us in a vastly different way than they have. It is a logical broadening of what we already do."
He was then asked about the product as a whole. "Nobody does television production better than we do, it's damn near the olympics," he said. "We know more about live event touring in the United States than anybody."
There are also plans for a WWE television network, which will feature matches and events from their enormous library they own. WWE hopes their network will be ready for launch sometime in 2012.
The organization features several Texas-based personalities, such as Mark Henry and Houston natives The Undertaker and Booker T. Booker runs a wrestling school and promotion here in Houston called PWA. You can check out the official PWA website for more information about that. The newest addition to their television lineup, the rebirth of the "Tough Enough" show, features Victoria, Texas native 'StoneCold" Steve Austin as the host, with Booker T as one of the trainers.
Thoughts?