A professional wrestling promotion (also federation or fed) is a company or business that regularly performs shows involving professional wrestling. "Promotion" also describes a role which entails management, advertising and logistics of running a wrestling event (see promoter). Within the convention of the show, the company is a sports governing body which sanctions wrestling matches and gives authority to the championships and is responsible for determining the divisions, rankings, etc. of wrestlers. In truth, the company serves as a touring theatretroupe, as well as event promotion body for its own events.
Most promotions are self-contained, organized around one or more championships and do not acknowledge or recognize the legitimacy of other promotions' titles unless they share a working agreement. Others, such as the NWA, act as an umbrella organization which governs titles that are shared among multiple promotions.
Major promotions have a permanent roster of talent under exclusive contract to them. Independent promotions may have contracted workers but are just as likely to use free agent