Market Overview

WWE® and Foxtel Extend Long-Standing Partnership to Air WWE Programming Live in Australia

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WWE (NYSE:WWE) and Foxtel will extend their partnership into its 19th
year with a new agreement to broadcast WWE programming live in
Australia, including flagship shows Raw® and SmackDown®,
as well as WWE's live pay-per-views events.

Foxtel's FOX8 will continue to air Raw live at 10 a.m. on
Tuesdays and SmackDown live at 10 a.m. on Wednesdays. For the
first time, FOX8 will re-air Raw on Tuesday nights in primetime
and SmackDown on Wednesday nights in primetime, and FOX Sports
will air one-hour versions of Raw and SmackDown in
primetime each week. Foxtel Now will make both shows available On Demand
following their airings.

"We are delighted to extend our long-standing partnership with one of
the biggest brands in entertainment, and increase our WWE offering
across both our linear channels and On Demand," said Stephen Baldwin,
Director of Foxtel Networks and On Demand. "WWE has such a passionate
fan base in Australia, and Foxtel is pleased to be able to continue
bringing this popular content to our customers."

"Foxtel is a long-time, valued partner who shares our vision and passion
for engaging and entertaining our fans," said Michelle Wilson, WWE
Co-President. "This agreement allows us to continue showcasing our
unique blend of action-packed, family friendly entertainment across
Australia."

Fans can also order all of WWE's live special events on Foxtel
pay-per-view channel Main Event, including WrestleMania®,
SummerSlam®, Survivor Series® and Royal
Rumble
®. Additionally, new this year are WWE weekly
highlight shows Afterburn® and Bottom Line®,
which will be available On Demand on Foxtel Now.

About WWE

WWE, a publicly traded company (NYSE:WWE), is an integrated media
organization and recognized leader in global entertainment. The company
consists of a portfolio of businesses that create and deliver original
content 52 weeks a year to a global audience. WWE is committed to family
friendly entertainment on its television programming, pay-per-view,
digital media and publishing platforms. WWE's TV-PG, family-friendly
programming can be seen in more than 800 million homes worldwide in 24
languages. WWE Network, the first-ever 24/7 over-the-top premium network
that includes all live pay-per-views, scheduled programming and a
massive video-on-demand library, is currently available in more than 180
countries. The company is headquartered in Stamford, Conn., with offices
in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai,
Singapore, Dubai, Munich and Tokyo.

Additional information on WWE (NYSE:WWE) can be found at wwe.com and
corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

About Foxtel

Foxtel is one of Australia's most innovative and dynamic media companies
and home to award winning local drama plus the widest choice in live
sport, hit international TV and movies and a host of complete TV
seasons. Foxtel believes in the importance of telling Australian
stories, and its ongoing commitment to creating the best in Australian
programming has garnered numerous industry awards for its Foxtel
Original productions. Foxtel has helped put Australian talent on the
world stage with highly acclaimed international exports and it proudly
invests in the people who help tell those stories by employing thousands
of Australians directly and indirectly across Australia's creative
industry. It has also pioneered advancements in entertainment technology
with the iQ3 set top box; the Foxtel app for mobile devices; streaming
service, Foxtel Now and Foxtel broadband, home phone and entertainment
bundles. Foxtel is owned by News Corporation (65%) and Telstra
Corporation Limited ACN 051 775 556 (35%).

Trademarks: All WWE programming, talent
names, images, likenesses, slogans, wrestling moves, trademarks, logos
and copyrights are the exclusive property of WWE and its subsidiaries.
All other trademarks, logos and copyrights are the property of their
respective owners.

Forward-Looking Statements: This press
release contains forward-looking statements with respect to WWE (the
"Company") 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, without
limitation, risks relating to: WWE Network; major distribution
agreements; our need to continue to develop creative and entertaining
programs and events; a decline in the popularity of our brand of sports
entertainment; the continued importance of key performers and the
services of Vincent K. McMahon; possible adverse changes in the
regulatory atmosphere and related private sector initiatives; the highly
competitive, rapidly changing and increasingly fragmented nature of the
markets in which we operate and greater financial resources or
marketplace presence of many of our competitors; uncertainties
associated with international markets; our difficulty or inability to
promote and conduct our live events and/or other businesses if we do not
comply with applicable regulations; our dependence on our intellectual
property rights, our need to protect those rights, and the risks of our
infringement of others' intellectual property rights; the complexity of
our rights agreements across distribution mechanisms and geographical
areas; potential substantial liability in the event of accidents or
injuries occurring during our physically demanding events including,
without limitation, claims relating to CTE; large public events as well
as travel to and from such events; our feature film business; our
expansion into new or complementary businesses and/or strategic
investments; our computer systems and online operations; a possible
decline in general economic conditions and disruption in financial
markets; our accounts receivable; our revolving credit facility;
litigation; our potential failure to meet market expectations for our
financial performance, which could adversely affect our stock; Vincent
K. McMahon exercising control over our affairs, and his interests may
conflict with the holders of our Class A common stock; a substantial
number of shares which are eligible for sale by the McMahons and the
sale, or the perception of possible sales, of those shares could lower
our stock price; and the relatively small public "float" of our Class A
common stock. In addition, our dividend is dependent on a number of
factors, including, among other things, our liquidity and cash flow,
strategic plan (including alternative uses of capital), our financial
results and condition, contractual and legal restrictions on the payment
of dividends (including under our revolving credit facility), general
economic and competitive conditions and such other factors as our Board
of Directors may consider relevant. Forward-looking statements made by
the Company speak only as of the date made, are subject to change
without any obligation on the part of the Company to update or revise
them, and undue reliance should not be placed on these statements.

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