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Sex, Lies, & Headlocks, 94â€“95. SummerSlam became one of World Wrestling Federation (and later World Wrestling Entertainment)'s most successful events and one of the "Big Four" pay-per-views, along with WrestleMania, Survivor Series, and the Royal Rumble. Those four events, along with King of the Ring, are known as the "Classic Five".The first SummerSlam was held on August 29, 1988 in Madison Square Garden in New York City.
WrestleMania IV garnered higher ratings, and not long after, Crockett filed for bankruptcy and sold his company to Ted Turner, who renamed it World Championship Wrestling (WCW).Assael, Shaun.
The event was a pay-per-view unlike the Royal Rumble of that year which was broadcast as a television special on USA Network.
In retaliation, Crockett made the Clash of the Champions event, which aired simultaneously with WrestleMania IV.
McMahon countered Jim Crockett's successful Starrcade pay-per-view, which began airing in 1983, by making the WrestleMania franchise.
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