WWF as a Business Essay -- WWF Wrestling Entertainment Essays

WWF as a Business Since 1890, master key grappling iron has garnered the attention of the public. However, no one has capitalized on this sports entertainment value more than the World combat Federation and Vince McMahon junior Vince McMahon Jr. acquired the WWF from his father Vice McMahon Sr. in 1982. Vince McMahon Jr.s succession brought along freshness, flare, success, and much controversy to the world of professional wrestling. in the lead McMahons takeover of his fathers company, professional wrestling had respective(a) territories across the country in which each was topiced by a flyspeck lord. These people in charge followed a gentlemans bargain in which no takeovers of different territories were exclusivelyowed. McMahon, however, broke this mold and took over all the markets by signing wrestlers to lucrative contracts, creating a rock show showcase of venue, and occupying prime television slots. The WWF began to enjoy much success as it took return of th e cable network USA Network and delved into pay-per-view events. This period of time for the WWF was somewhat monopolistic because of a lack of competition in the industry. After a failing attempt to buy some of the WWFs stock, Ted Turner, owner of the TBS Network, sought-after(a) to get into the wrestling business for himself. Ted Turner created the World Championship Wrestling (WCW) and brought direct competition to the WWF. The WCW challenged the WWFs success in every way, including its Monday night showcase and its use of headlining characters. Competition amongst the two wrestling corporations was brought to a head with a fight over WWF superstar, Bret The Hitman Hart.Pressing Issues The WWF is in a constant battle against time and the hearings ever-changing wants and desires make consistent reinvention. During early years of wrestling it was clear wrestling had no identity. Wrestlers would travel from region to region fighting in promoted venues, the sport belatedly began to gain popularity but quickly lost steam during the Radio and TV age where popularity shifted to sports like boxing, baseball, and football. During this time Vince McMahon Sr. would begin the first of umpteen reinventions of the sport. Changes included starting a full scale wrestling league (WWF) and the inception of a championship which wrestlers would compete for. Along with having to always kind the image ... ...Recommended ResponseIn order to maintain a matched advantage, McMahon must come up with new, innovative ideas to make his wrestlers famous. McMahon has a temper of consistently changing characters from good to evil and vice versa. By doing so, McMahon is mistake his WWF interview, whom are flocking to the WCW and their favorite characters. The WCWs tactic of utilizing old WWF characters in their wrestling matches is overshadowing the tactics of McMahon. Creating new characters and maintaining their images will generate a new audience to the WWF. To effec tively compete with the WCW, McMahon and the WWF should consider investing in a send network of their own. By doing this, the WWF will be able to expand their media reporting and compete with Turner, who already owns his own network. A nonher way to compete with the WCW is to discontinue from using controversial issues in the wrestling matches. Conveying controversial views limits the audience that is usually generated by the WWF. As a last alternative, the WWF should consider confluence with the WCW. Through merging, McMahon will be able to keep his pride and not risk completely loosing the family business.