Both of Mexico's top promotions Asistencia Asesoría y Administración (AAA) and Consejo Mundial de Lucha Libre (CMLL) participated in the event, which was considered unlikely by many in the industry given their own heated rivalry.

[3] The main attraction on the event card was a tag team match with Antonio Inoki and NWA World Heavyweight Champion Dan Severn wrestling Yoshiaki Fujiwara and Oleg Taktarov.

This was supported by the internet wrestling community when it was released on DVD, albeit without matches featuring WCW wrestlers, years later.

[7] In his review, Kevin Wilson of PuroresuCentral.com called Inoki's Peace Festival "probably the biggest show to ever take place in America" featuring international talent and that "the majority of the matches were good and a few were near excellent".

[9] Eric Bischoff, who appeared with representatives from AAA and CMLL to open the show, later brought Rey Misterio Jr.[10] and Chris Jericho into WCW, based on their performance in their respective matches, to compete for its cruiserweight division.