STAMFORD CONN. July 27 2005 – World Wrestling Entertainment (NYSE: WWE) announced today that WWE® Home Video will begin to release UMD videos for the Playstation Portable (Sony PSP) this September.

WWE will be releasing two top selling DVD titles: “Hard Knocks: The Chris Benoit Story” and “The Monday Night War.”  Both titles will include the complete main feature and a limited number of DVD extras.  In addition the highly anticipated new release titled “The Self Destruction of the Ultimate Warrior” will also be available on the UMD video format.  All three titles will be released September 27 in the U.S. and UK via WWE’s European licensee Clearvision.  Additional UMD releases will be announced in the future.

“We are excited to bring our home video catalog and new release titles to the UMD video format ” says Donna Goldsmith Sr. Vice President of WWE Consumer Products.  “We are constantly looking for new ways to exploit our home video library and take advantage of technological advances.”

WWE owns the world’s largest library dedicated to wrestling and sports entertainment. It contains footage from historical televised events as well as the acquired libraries of World Championship Wrestling™ (WCW®) Extreme Championship Wrestling™ (ECW®) American Wrestling Association® (AWA®) and Smokey Mountain Wrestling™ (SMW™) among others.  

In fiscal 2005 WWE Home Video released 27 new titles and sold approximately 2 million units including new releases as well as back catalog titles with three titles shipping 100 000 units each.WrestleMania 21 which released in May has recently topped the 200 000 shipment mark setting a new milestone for an individual WWE DVD release.    

Sony PSP is a hardware system that takes consumers to the next level of portable entertainment.  PSP allows users to play the hottest new games watch the latest available movies on UMD discs and listen to their favorite digital music.

World Wrestling Entertainment Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford Conn. WWE has offices inLos Angeles Toronto and London anda sales office located in New York City. Information on the company can be found at wwe.com and corporate.wwe.com

-30-

Media Contact:            Gary Davis 203-353-5066 Vice President Corporate Communications

Trademarks: The names of all World Wrestling Entertainment televised and live programming talent names images likenesses slogans and wrestling moves and all World Wrestling Entertainment logos are trademarks which are the exclusive property of World Wrestling Entertainment Inc. All other trademarks are the property of their respective owners.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995 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 entertainment professional sports and licensed merchandise; acceptance of the Company’s brands media and merchandise within those markets; uncertainties relating to litigation; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; risks relating to maintaining and renewing key agreement including television distribution agreement; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition to these risks and uncertainties our dividend is based on a number of factors including our liquidity and historical and projected cash flow strategic plan our financial results and condition contractual and legal restrictions on the payment of dividends and such other factors as our board of directors may consider relevant.