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WWE would need to have some sort of creative control to make sure TNA doesn't do stupid shit, try to degrade WWE, etc. TNA would bring in some viewers for some first-run wrestling content, but it would also create brand confusion. It would also conflict with the WWE's wellness policy with guys like Angle and Hogan there and be a media nightmare when TNA guys do stupid shit (like with Angle and Hogan there).
Honestly, even if the two sides played nice it doesn't really help anyone. If TNA were as popular as WCW (IE: equal to WWE), had a very good working relationship with WWE, had not been trying to usurp WWE and had similar/exactly the same production quality (because that's what WWE likes) it could work out I suppose.
Dragon Gate would be more likely to get this kind of spot. But even that won't happen, because the network having wrestling is only a vehicle to turn it into FX with WWE shows on it. WWE would probably rather get reruns of Dr. Quinn Medicine Woman and Matlock that draw literally five people than put someone else's product on there.
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