STAMFORD Conn. April 3 2006 – World Wrestling Entertainment® has announced that it will present its cornerstone annual event WrestleMania 23 on Sunday April 1 2007 at Ford Field in Detroit Mich.

WrestleMania has become one of the most anticipated annual events around the world.  On Sunday April 2 WWE presented WrestleMania 22 at Rosemont’s Allstate Arena in Chicago Ill. before a capacity crowd of more than 17 155 people from 16 countries and 43 states generating $2.5 million in ticket sales which set a record for the highest grossing one-day event in the arena’s history.  Millions in more than 90 countries watched WrestleMania 22 on pay-per-view.

The return to Detroit will mark the 20th anniversary of WrestleMania III at the Pontiac Silverdome an event that attracted 93 173 fans — recognized as the world indoor attendance record for any sports or entertainment event.   The most anticipated match of the evening was Hulk Hogan defending his WWE Championship against the undefeated Andre the Giant.  Hogan got the win after miraculously lifting Andre in the air and slamming him to the canvas in one of the most memorable moments in WWE history.

“I am really looking forward to bringing WrestleMania back to Detroit an event that will draw thousands upon thousands of fans from across the United States and around the world to the Motor City ” said Vince McMahon WWE Chairman. “The fans in Detroit are sensational.  I know that emotions will be high for WrestleMania 23 and we are going to put on one of the greatest WrestleMania’s of all-time one that will rival the memories of WrestleMania III.”

Beyond the excitement of the event itself are the local economic benefits that communities experience from hosting WrestleMania.  A study done during WrestleMania XX held at Madison Square Garden in New York City on March 14 2004 found that the event generated an estimated $13.5 million of new economic activity for New York City and created the equivalent of 96 full-year jobs.   More than 50 percent of those jobs were in the hospitality sector. Spending related to WrestleMania also generated $2 million in city state and federal taxes. 

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. Additional information on the company can be found at wwe.com and corporate.wwe.com.

-30-

Media Contact:            Gary Davis 203-353-5066

Investor Contact:         Michael Weitz 203-352-8642

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 agreements including television distribution agreements; 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.