After the rage & panic over the world ending in the year 2000, everything turned out to be alright; but not in the professional wrestling industry.
Ever since early 1998, the battle between the World Wrestling Federation & World Championship Wrestling has completely switched sides as, for the first time since 1995, WWF has been dominating the wrestling industry every week meanwhile WCW quickly went from #1 to #2 due to a tarnished product as well as internal conflict behind the scenes.
As for the rest of the world?
Extreme Championship Wrestling managed to secure a TV deal with TNN to present to the entire nation, "ECW on TNN", in August 1999. However, rumors are starting to speculate that the TV show might be off the air sooner-than-later.
A lot of behind-the-curtain drama in All Japan Pro-Wrestling is starting to spill into the public world as, the now deceased, Giant Baba's widow Motoko Baba & arguably the ace of All-Japan Mitsuharu Misawa are battling over the future direction of AJPW.
New Japan Pro Wrestling is starting to struggle as their attendances have been slightly lower than ever due to Antonio Inoki's supposed agenda of pushing "more realistic pro-wrestling fights. similar to mixed martial arts" being established sometime in 1997. While Inoki doesn't hold any creative power backstage, his influence weighs more than ever as he still owns his share of NJPW.
Tensions between Mexico's CMLL & AAA have gotten hot since 1992 but not this hot. Rumors are speculating that sometime soon AAA might be heading to Arena Mexico to prove a point and CMLL has been on alert ever since.
A lot of doom & gloom are running around across various promotions as the year of 2000 starts to begin with trouble.