World Events Productions was founded by Ted Koplar as a division of KPLR-TV Channel 11 in St. Louis, MO. Two years prior to the company's formation, Koplar created a travel and events program titled World Events, which launched the career of sportscaster Bob Costas (who parodied himself as "Bob Cutlass" in the 2006 Disney film Cars).
Seeing the success of other companies adapting anime titles to the U.S. market, World Events Productions followed suit by licensing Toei's Hyakujuu-Oh GoLion, Kikou Kantai Dairugger XV and Kosoku Denjin Albegus, and releasing them as a trilogy titled Voltron, Defender of the Universe. Albegus was eventually dropped from the project, but Voltron became a tremendous success globally. Following the disappointing ratings generated by the Vehicle Team Voltron series, WEP commissioned Toei Animation to produce more episodes of the Lion Team Voltron to keep up with the demands of fans.
In 1986, WEP licensed Seijuushi Bismark and released it as Saber Rider and the Star Sheriffs. When Saber Rider failed to meet the same expectations of Voltron, WEP ventured to creating their own original programs such as Denver the Last Dinosaur and Vytor the Starfire Champion.
With the advent of the anime boom of the 1990s, WEP returned to the Voltron franchise and released Voltron: The Third Dimension, a 3D animated sequel to the series. Despite winning an Emmy Award for Sound Design in an Animated Series, Voltron 3D received mixed reactions from both fans and critics.
Today, WEP continues their success through re-releases of the original Voltron series on DVD.