WWE expansion into network and movie studios will hype the live event even more

The next big coup for WWE will be its own cable network, to debut in 2011 or 2012. Even sooner, WWE’s movie studio will be churning out low budget movies that mix WWE’s superstars and divas with Hollywood actors, which can only help build the booming brand.

“The sky is the limit,” said Stephanie McMahon, EVP, Creative Development and Operations for World Wrestling Entertainment.

She is also the daughter of Vince McMahon, WWE chairman and CEO, who had the vision to roll up wrestling, once a regional promoter enterprise; rebrand it as sports entertainment; launch Wrestlemania, the global championship event; build a pay-per-view empire; air 7,500 hours of WWE’s television programming annually in more than 145 countries and 30 languages and then bring on a new cadre of sponsors and global partners that appeal to families.
 
And it’s all based on the live event. In 2009, WWE performed 342 live events, including 74 international events, entertaining more than 2 million fans.


In the humble beginnings, Vince McMahon bought his dad’s Capitol Wrestling in 1987, expanding his own Titan Sports and eventually becoming World Wrestling Federation which morphed into WWE. It has been a fight, in the ring and out of it, to turn a northeast wrestling promoter into a global, publically traded, entertainment company.

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Though rarely seen on the campaign trail, Linda McMahon’s wrestling celebrity family came to the Republican State Convention tonight to support her candidacy.

Her husband, World Wrestling Entertainment founder Vince McMahon, entered the Connecticut Convention Center around 7:45 p.m. The McMahons were joined by their daughter, Stephanie McMahon, and her husband, Paul Michael Levesque, known in his wrestling profession as “Triple H.”

Though they quickly went into a private conference room at first, Stephanie McMahon took time about 45 minutes later to chat with reporters about the campaign and her family.

We’re “excited, nervous, anxious – all of the above, but mostly proud,” she said, adding the family members can’t spend as much time as they would like on the campaign trail, given their hectic schedules. “It is a little challenging because we’re all working for the company.”

But Stephanie McMahon also said her mother’s U.S. Senate bid comes as no surprise to those closest to her. “She’s always been a leader,” she said. “She’s incredibly classy. … Really what she’s got (from her family) was resounding support.”

Source: The Connecticut Mirror

Thanks to Orli from Oblivion for posting an article on his website. Here is an article below that I wanted to share with all of you.

The general feeling among the WWE employees is that Stephanie McMahon will leave the WWE in the future to try and give her kids a shot at a normal life. While Stephanie is rumored to be leaving, it is expected that Triple H will continue to compete in the WWE for several years to come.

Article Source: Wrestling101.com

If this rumor is true, then we are likely closing or going on long term hiatus. The Stephanie Levesque Network’s future is still unknown. We will keep you updated as soon as it becomes available!

World Wrestling Entertainment (WWE) is a booming, half-billion-dollar public company that built its brand around stars like Hulk Hogan, Ric Flair, and “Stone Cold” Steve Austin. So when WWE executives tell you something, you tend to listen. Not because they could reduce you to a pool of whimpering pain in a matter of seconds, but because they have the performance track record to back up what they say.

There are two things WWE wants you to know. First, the operative word is “entertainment,” not “wrestling.” Second, watch how you refer to the talent. They’re not wrestlers; the men are “superstars” and the women “divas.”

If you find that surprising, here’s another revelation: to a large degree WWE is run by a few women. Sure, chairman and CEO Vince McMahon, the very public face of WWE, still sits atop the organizational chart. But it’s estrogen rather than testosterone that wafts through the executive offices. Three women in particular — Donna Goldsmith, chief operating officer; Michelle Wilson, executive vice president of marketing; and Stephanie McMahon, executive vice president of creative development and operations — are the day-to-day drivers behind this $500 million-plus marketing engine. (At the time this article was being produced, another powerful woman with the company, former CEO Linda McMahon, had just left to campaign for a seat in the U.S. Senate representing Connecticut.)

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The past few weeks have actually given me hope for the future of World Wrestling Entertainment. Not because the shows or the wrestlers or the storylines have been better. They haven’t. But I figure the future couldn’t be any worse. Sooner or later, the McMahon family will have to send Patriarch Vince off to the nut hutch. At that point, Stephanie McMahon Levesque becomes the new President of WWE. Let’s face it, Stephanie will be much better at that job than she is as head of Creative.

With Stephanie bumped up the ladder, Triple H becomes the leading candidate to take over the WWE creative department. Hopefully, he’ll have retired as a wrestler by then. I haven’t always bee a big Triple H fan, but he sure knows a whole lot more about professional wrestling than the person he would be replacing. There is also a better likelihood of Stephanie listening to Hunter than there is of Vince McMahon listening to, well, anybody on his creative team. So take heart, wrestling fans. It will happen.

Source: Pat Mcneill of Pwtorch.com