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The Monday Night Wars largely sprang from a rivalry between WWF owner Vince Mc Mahon and WCW owner Ted Turner, dating back to an incident in the 1980s known as Black Saturday, when Mc Mahon acquired a monopoly on all nationally televised wrestling broadcasts by purchasing a stake in Georgia Championship Wrestling, whose flagship show aired on WTCG, Turner's own network.

In retrospect, wrestling commentators have come to see the era of the Monday Night Wars as a golden age of wrestling, with the feud between the two companies bringing out their best quality product both in terms of creativity and the performances of their wrestlers.

Many have come to regard the end of the wars – and, in particular, the subsequent WWE storyline regarding the acquisition of WCW – as marking a severe decline in the quality of modern wrestling programming.

The rivalry between the companies steadily escalated throughout the 1990s to include the use of cutthroat tactics and the defections of employees between the two companies.

Extreme Championship Wrestling (ECW), while not a party to the rating battle, was also involved as a tertiary player.

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