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TNA has about 10 times the budget and production value of ECW. Back before the TNN deal, ECW TV was edited in a basement. Promos were usually done there too.
Read HArdcore History for a great in depth description of their budget. All the companies assets were a Truck, a Van, and the ring. That is about all they owned. They rented the lights and cameras. They had zero production. They had to use real music because they had no money to make their own. They had to use covers to avoid paying royalties.
If ECW had the money TNA has behind it, they would have made it much farther than they did.
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