Simplify the following text for a Grade 8 native English-speaking person.
Original: Over the Limit is a professional wrestling event produced annually by World Wrestling Entertainment ( WWE ) , a Connecticutâ `` based promotion , and broadcast live and available only through pay-per-view ( PPV ) .
Simplified: Over the Limit is a professional wrestling event held yearly by WWE , and aired live only on pay-per-view ( PPV ) .