Complex sentence: Recently, it is being used by ESPN in their commercials for the 2011 NCAA Women's Division I Basketball Tournament, and it was also chosen by World Wrestling Entertainment (WWE) as its theme song for WrestleMania XXVII.
Split into simpler sentences: Recently, it is being used by ESPN for their commercials relating to the 2011 NCAA Women's Division I Basketball Tournament. It was also chosen by World Wrestling Entertainment (WWE) as its theme song for WrestleMania XXVII.