STAMFORD, Conn., November 17, 2004 – World Wrestling Entertainment, Inc. (NYSE:WWE®) announced today that it has assigned to Hard Rock Cafe International the lease for the Company’s former entertainment complex, The World, at 1501 Broadway, New York, NY.

WWE had accrued for all estimated shut-down costs in previous fiscal years, including the rent anticipated under the lease, net of any sub-let income. Total costs, including final cash payments of approximately $5 million made in connection with this transaction, are less than the costs accrued. WWE has no further obligations with respect to this lease or location.


World Wrestling Entertainment, Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York City, Los Angeles, Toronto and London. Information on television ratings and community activities can be found at parents.wwe.com.