STAMFORD CT. November 2 2000 – WWE Entertainment Inc. (NYSE:WWE) announced today that it has agreed to a settlement in a previously disclosed lawsuit filed by the members of the family of Owen Hart a professional wrestler whose accidental death occurred while performing under contract with the Company. Under the terms of the agreement the WWE will receive a full release from any further liability in the case.

"It has always been our intention to settle this case and we tried to do what we felt was in the best interest for all those involved particularly for the family of Owen Hart " said Linda McMahon CEO.

As a result of the settlement the WWE will take a charge of $7 million which is net of its insurance recoveries and will retain the right to pursue contribution and indemnity from the companies that manufactured and sold the equipment involved in the accident. The charge will be recorded in selling general and administrative expenses for the quarter ended October 27 2000.

WWE Entertainment Inc. is an integrated media and entertainment company headquartered in Stamford CT with sales offices in New York City Chicago and Toronto. The company is an equal partner with NBC in the formation of a new professional football league the XFL scheduled to kickoff February 3 2001. Additional information on the company can be found at wwe.com and wweecorpbiz.com.

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Forward-Looking Statements : This news release contains forward-looking statements which are subject to various risks and uncertainties. These risks and uncertainties include the conditions of the markets for live events broadcast television cable television pay-per-view Internet food and beverage entertainment professional sports and licensed merchandise; acceptance of the Company’s brands media and merchandise within those markets; and other risks and factors identified in documents filed with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.

Investor Relations Contact:
WWE Entertainment Inc.
Tom Gibbons
(203) 328-2576

Media Contact:
WWE Entertainment Inc.
Jayson Bernstein
(203) 353-5015